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Crypto Exchange INX to Raise C$25M, List on TSVX for 'Added Credibility'
The exchange made history last year by conducting an initial public offering (IPO) on the Ethereum blockchain.
By Daniel Kuhn
Updated Sep 14, 2021, 12:18 p.m. Published Feb 28, 2021, 8:24 p.m.
INX Limited, a cryptocurrency exchange that went public through a token offering on Ethereum in 2020, is looking to raise an additional CAD $25 million (USD $19.6 million) in a new listing on the TSX Venture Exchange.
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- The company, which made history last year by conducting an initial public offering (IPO) on the Ethereum blockchain, said it intends to list on the TSXV for "added credibility."
- INX said the public reporting and transparency required by the TSVX listing will help it attract "Fortune 500 strategic partnerships and institutional investors."
- The plans were disclosed in a supplemental filing with the U.S. Securities and Exchange Commission on Feb. 25.
- According to the filing, INX will offer 20 million shares priced at $1.25 CAD. Proceeds will go to research and development, sales, marketing, general expenses and M&A.
- The exchange company, which acquired the alternative trading system OpenFinance last year, said its has a pre-money valuation of $225 million.
- The INX exchange will debut in Q2 2021, according to the filing.
See also: How to Watch INX’s IPO in Real Time on the Ethereum Blockchain
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
알아야 할 것:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
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