U.S.-based large cryptocurrency exchange Coinbase, may reportedly announce plans for its own Initial Exchange Offering (IEO) platform in the next few months, while security token offerings are also on their radar.
“Coinbase is scrutinizing not only the IEO space, but also the STO [security token offering] space,” Kayvon Pirestani, director of corporate sales for Asia at Coinbase, said at the CoinDesk Invest: Asia conference, adding that the company may soon issue Branded token. The report says no more about these plans.
Many crypto exchanges already offer their own platforms. IEO Including Binance , OKEx , Bittrex , Huobi , Bitfinex and others.
Billed as the successor to the hugely lucrative Initial Coin Offering (ICO), they were marketed as a safer way to invest in new blockchain projects. While near-term trends point to a move away from IEOs, longer-term data suggests that IEO's overall success has been steadily increasing since it became the buzzword earlier this year.
However, there is often a mismatch in reporting data.
According to TokenInsight IEO raised $ 1,1 billion in May, while the total for June fell to $ 125 million, which was also less than the $ 153 million received in April from stock offers.
Meanwhile, according to TradeBlock, According to the Wall Street Journal, IEOs raised $518 million in the five months to the end of May. More importantly, the total volume in January was about $10 million. US, while in February it rose to about $20 million. USA, in March - more than 110 million dollars. USA, in April - more than 220 million dollars. USA, and in May - more than 150 million dollars. USA.
Finally, the CoinGecko in its second quarter report, IEO raised only 262 million US dollars in the first six months of 2019.