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SEC-registered crypto issuer INX to wrap up IPO in April

INX Limited, a Gibraltar-based platform for trading securities and cryptocurrencies, is preparing to close its IPO soon.

According to the announcement on Monday, the 22nd. April will be the last day of INX’s IPO, as the company plans to list its token on at least one public exchange platform by the end of May 2021. INX plans to launch its INX Digital trading platform shortly after the IPO, the company said.

INX launched its IPO in August 2020 with plans to raise up to $117 million in a token offering approved by the Securities and Exchange Commission.

INX CEO Shai Datika said the company has solidified its position as the first company to complete an SEC-registered digital securities IPO for both retail and institutional investors.

INX has not yet disclosed how much the company raised in the IPO. The company did not immediately respond to Cointelegraph’s request for comment.

As Cointelegraph previously reported, INX originally planned to complete its IPO by the end of 2020 and raised a total of $10 million in late October.

As part of the IPO, the company accepted payments in major cryptocurrencies such as bitcoin (BTC) and ether (ETH), as well as USDC. When in September 2020. INX has launched a cryptocurrency payment option, trading Bitcoin and Ether around $10,500 and $380 respectively. Both cryptocurrencies have posted huge gains amid a major rally in the crypto markets, up more than 500% since September and trading at $58,577 and $2,099 respectively at the time of writing.

INX is completing its IPO as leading US cryptocurrency exchange Coinbase prepares to go public with a direct listing on the Nasdaq Global Select Market. The Company expects trading in its Class A common stock under the symbol COIN to begin on the 14th. April is about to begin.

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