Does Bitmain’s Plans Signal a Major Wave of Crypto IPOs?

Colleagues, by most accounts China-based Bitmain is the world’s largest cryptocurrency mining operator and manufacturer of mining CPU-GPUs. Potentially valued at some $18 B Bitmain’s IPO could usher in a major trend for crypto-blockchain companies with plans to move out of the shadows and go public. Bitmain controls about 40% crypto mining pools and over 66% of mining equipment. The Cryptocurrency Academy does not find this move a surprise. Rather, we fully expect several IPOs over the coming 12-24 months of industry-leading crypto and blockchain ecosystem players to go public. This includes crypto exchanges, mining equipment vendors and mining operators, blockchain software firms and custody service companies as the industry matures. Which firms come to mind? Crypto exchange Binance and OKEx, Mining pools and Bitmain competitors BTC.com and AntPool. Blockchain software players Kik Interactive, Coindesk and EOS.io just to name a few. Such IPOs are in addition to the tsunami of cryptocurrency ICOs witnessed during the past two years. Share your comments today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)