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

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Crypto Regulation
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Cryptocurrency platform MitmerixCrypto 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, MitmerixCrypto 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.

MitmerixCrypto 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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Jon Kelvey

Jon is a blockchain reporter skilled at synthesizing all crypto-related information to make articulate texts easy for anyone to grasp. With a beginners level certificate in Financial Analysis, Julius can read, interpret and report crypto findings to help investors exercise the best judgment in their decision-making process. When he is not caught up in the crypto frenzy, Jon likes playing a game of FIFA with his online buddies.