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Crypto Trading Platform Apifiny Plans to Go Public
The San Francisco-based firm did not say if it would choose a direct listing.
Updated May 9, 2023, 3:15 a.m. Published Feb 9, 2021, 1:30 p.m.
Crypto trading platform Apifiny is planning to go public by the end of 2021, the company announced Tuesday.
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Following in the footsteps of Coinbase and INX, San Francisco-based Apifiny plans use the funds raised through the listing to finance an aggressive expansion this year,
“We think [there are] more vertical ways to improve these products,” said Haohan Xu, CEO of Apifiny. These include “having better algorithms, faster connections, having more robust servers that can process more transactions per second.”
See also: Coinbase to Become Publicly Traded, Announces Proposed Direct Listing of Shares
The firm’s main two product lines include Apifiny Connect, which lets institutional traders access cryptocurrency exchanges around the globe, and ExOne Plus, a market-making platform for smaller exchanges that need liquidity. Apifiny says it uses its connections to exchanges around the globe to enable better price discovery, which it uses to hedge trader’s positions.
In the past few months, the firm has added Crypto.com, Huobi Global, OKEx, Kucoin, BitMax, HBTC and Blockchain.com to its list of exchange partners.
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