THELOGICALINDIAN - Cryptocurrency barter Binance CEO Zhao Changpeng absolved rumors he planned to accomplish an antecedent accessible alms IPO September 7 afterward fintech startup Robinhood
After a report by Sludgefeed which appropriate Binance’s contempo hiring of Wall Street controlling Wei Zhou as its CFO this anniversary meant it was gluttonous to IPO, Changpeng denied this was the company’s goal.
“(Binance) accept no affairs for IPO, but that doesn’t accomplish those adventures beneath admired in our new industry. On the contrary, those are actual abundant needed,” he wrote on Twitter.
Zhou represents a ample accomplishment set back it comes to banking management, Sludgefeed acquainted he led two above corporations through the IPO bewilderment on Nasdaq and the New York Stock Exchange.
For Binance, however, annual profits for which abide to amphitheater $200 million, the attraction added allotment on the aback of a accessible abutment is unlikely, the advertisement continues.
Nonetheless, Bitmain, the mining behemothic with an more chequered history, appears to be activity advanced with its planned IPO on the aback of revenues account at atomic $3 billion for 2018.
On Thursday, those affairs were abutting by Robinhood, the stocks and crypto trading accouterments absolute it was gluttonous a CFO of its own to adviser the process.
“It’s article that we anticipate is actual abundant in the approaching for Robinhood; actuality a accessible aggregation I anticipate aligns actual carefully with our mission,” CEO Baiju Bhatt told TechCrunch at a conference.
Binance meanwhile continues to rapidly aggrandize its business internationally admitting continuing alloyed reviews of its archetypal and conduct.
As Bitcoinist reported, criticism has appear from assorted abstracts aural the cryptocurrency industry afterwards declared affirmation alike that the barter was charging 400 BTC ($2.6 million) to account new assets.
What do you anticipate about Binance’s IPO potential? Let us apperceive in the comments below!
Images address of Bitcoinist archives, Shutterstock, Twitter
