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

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Cryptocurrency platform JenixCrypto 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, JenixCrypto 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.

JenixCrypto 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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Adam Smith

Adam Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. Adam’s passion brings her back to her elementary school years as a poet. She enjoys discussing blockchain technology and is committed to producing original content. Adam also covers other rapidly developing markets and economic and cryptocurrency studies.