Initial exchange offering

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Initial exchange offering (IEO) is a variant on initial coin offerings, operated directly by cryptocurrency exchanges.

A notable example was when the Bitfinex exchange issued an IEO apparently to shore up its reserve for Tether tokens.[1]

The U.S. Securities and Exchange Commission is looking into IEOs, with a view to acting against violations of securities laws.[2]

References[edit]

  1. ^ Kharif, Olga (6 May 2019). "Speculation Mounts That Crypto Exchange Bitfinex Is Planning a Token Sale". Bloomberg. Retrieved 2019-11-01.
  2. ^ https://www.law360.com/articles/1162809/the-sec-s-looming-initial-exchange-offering-sweep-part-1

Further reading[edit]