Bithumb Crypto Exchange Could Go Public in U.S., After a Successful Reverse Merger

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 According to a CNBC report published on Jan. 22,  Blockchain Industries, a publicly-traded holding company in the U.S. has announced that it had a binding letter of intent with Blockchain Exchange Alliance. The reverse merger, i.e. acquiring a publicly-traded company is definitely a faster way to take a company public in comparison to a traditional Initial Public Offering (IPO).

The source further adds that the merger will eventually “up-list” from over-the-counter (OTC) markets to the New York Stock Exchange or Nasdaq. Mike Novogratz, a well-known crypto bull and an ex-hedge fund manager at Fortress Investment Group, used a similar approach, reverse merger to list his crypto investment bank on the Canadian stock market in 2018.

Read more: Switzerland’s Falcon Private Bank To Offer A Comprehensive Crypto-Fiat Wallet

 

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