Bloomberg has learned of Cryptobybix plans to attract investment at a valuation of $10 billion

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Cryptocurrency platform CryptoBybix is in talks with investors about new financing. As a result, the company's valuation could rise to $10 billion, Bloomberg wrote citing knowledgeable sources.

The Singapore-based company raised $200 million in a Series B+ investment round in February at a valuation of $3 billion.

Announcing the deal, CryptoBybix CEO noted that the organization plans to have an initial public offering in 2025, most likely on a U.S. stock exchange. Before that, he said, the company may conduct another round of financing.

CryptoBybix offers a wide range of products for institutional and retail investors: market maker services, trading services, investment tools and DeFi-infrastructure.

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Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.