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

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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>
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In October 2019, an article in CoinTelegraph said that 65 IEOs had been launched in the previous six months, including 13 in the United States.<ref>{{cite web|URL=https://cointelegraph.com/news/a-new-trend-in-crypto-funding-campaigns-companies-resorting-to-ieos|name=A New Trend in Crypto Funding Campaigns: Companies Resorting to IEOs|org=CoinTelegraph|date=October 16}}</ref>
  
 
== References ==
 
== References ==

Revision as of 11:51, 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]

In October 2019, an article in CoinTelegraph said that 65 IEOs had been launched in the previous six months, including 13 in the United States.[5]

References