Difference between revisions of "Initial exchange offering (IEO)"

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Major non-U.S. domiciled exchanges like [[OKCoin]], KuCoin and [[Binance]] offer to host IEOs.<ref>{{cite web|url=https://www.coindesk.com/bitfinex-enters-the-initial-exchange-offering-industry-with-tokinex|name=Bitfinex Enters the Initial Exchange Offering Race With Tokinex|org=CoinDesk|date=May 21, 2019}}</ref> U.S. exchange [[Bittrex]] hosted two IEOs in April and May 2019 for Ocean Protocol and VeriBlock respectively, both of which had lost more than 75% of their offering price within months of issuance.<ref>{{cite web|url=https://cryptopotato.com/ieos-nightmare-ocean-protocol-lost-80-following-its-ieo-on-bittrex/|name=IEO’s Nightmare: Ocean Protocol Lost 80% Following Its IEO On Bittrex|org=CryptoPotato|date=May 21, 2019}}</ref>
 
Major non-U.S. domiciled exchanges like [[OKCoin]], KuCoin and [[Binance]] offer to host IEOs.<ref>{{cite web|url=https://www.coindesk.com/bitfinex-enters-the-initial-exchange-offering-industry-with-tokinex|name=Bitfinex Enters the Initial Exchange Offering Race With Tokinex|org=CoinDesk|date=May 21, 2019}}</ref> U.S. exchange [[Bittrex]] hosted two IEOs in April and May 2019 for Ocean Protocol and VeriBlock respectively, both of which had lost more than 75% of their offering price within months of issuance.<ref>{{cite web|url=https://cryptopotato.com/ieos-nightmare-ocean-protocol-lost-80-following-its-ieo-on-bittrex/|name=IEO’s Nightmare: Ocean Protocol Lost 80% Following Its IEO On Bittrex|org=CryptoPotato|date=May 21, 2019}}</ref>
  
While still operating under a cloud of suspicion due to the ongoing investigation by the New York Attorney General, [[Bitfinex]] announced the launch of its own IEO platform, Tokinex.<ref>{{cite web|url=https://www.theblockcrypto.com/2019/05/21/scandalized-bitfinex-plans-to-support-ieos-via-new-platform/|name=Amid NYAG scandal, Bitfinex plans to support IEOs via new platform|org=TheBlockCrypto|date=May 21, 2019}}</ref>
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While still operating under a cloud of suspicion due to the ongoing investigation by the New York Attorney General, [[Bitfinex]] announced the launch of its own IEO [[platform]], Tokinex.<ref>{{cite web|url=https://www.theblockcrypto.com/2019/05/21/scandalized-bitfinex-plans-to-support-ieos-via-new-platform/|name=Amid NYAG scandal, Bitfinex plans to support IEOs via new platform|org=TheBlockCrypto|date=May 21, 2019}}</ref>
  
 
On May 13, 2019, [[Valerie Szczepanik]], the SEC’s senior advisor for digital assets and innovation, told a panel audience at CoinDesk's Consensus conference that issuers and exchanges which conduct IEO's may be subject to U.S. regulation if any of the buyers are U.S. residents.<ref>{{cite web|url=https://www.coindesk.com/secs-crypto-czar-says-exchanges-that-list-ieo-tokens-may-face-legal-risks|name=SEC’s Crypto Czar Says Exchanges That List IEOs May Face Legal Risks|org=CoinDesk|date=May 21, 2019}}</ref>
 
On May 13, 2019, [[Valerie Szczepanik]], the SEC’s senior advisor for digital assets and innovation, told a panel audience at CoinDesk's Consensus conference that issuers and exchanges which conduct IEO's may be subject to U.S. regulation if any of the buyers are U.S. residents.<ref>{{cite web|url=https://www.coindesk.com/secs-crypto-czar-says-exchanges-that-list-ieo-tokens-may-face-legal-risks|name=SEC’s Crypto Czar Says Exchanges That List IEOs May Face Legal Risks|org=CoinDesk|date=May 21, 2019}}</ref>

Revision as of 10:23, 16 October 2019

An initial exchange offering (IEO) is the execution of an initial coin offering (ICO) on a cryptocurrency exchange.

Major non-U.S. domiciled exchanges like OKCoin, KuCoin and Binance offer to host IEOs.[1] U.S. exchange Bittrex hosted two IEOs in April and May 2019 for Ocean Protocol and VeriBlock respectively, both of which had lost more than 75% of their offering price within months of issuance.[2]

While still operating under a cloud of suspicion due to the ongoing investigation by the New York Attorney General, Bitfinex announced the launch of its own IEO platform, Tokinex.[3]

On May 13, 2019, Valerie Szczepanik, the SEC’s senior advisor for digital assets and innovation, told a panel audience at CoinDesk's Consensus conference that issuers and exchanges which conduct IEO's may be subject to U.S. regulation if any of the buyers are U.S. residents.[4]

References