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Benzinga
Benzinga
Business
Anusuya Lahiri

Taiwan's Leading Crypto Operator Weighs Nasdaq IPO

Taiwan Nasdaq
  • Taiwan’s largest cryptocurrency exchange operator, MaiCoin Group explored a Nasdaq initial public offering within two years, Bloomberg reports.
  • Taiwan’s lightly regulated crypto market could be a selling point for MaiCoin. 
  • Apart from its mobile app, MaiCoin clients in Taiwan can process trading orders at Seven-Eleven and Hi-Life stores. 
  • MaiCoin completed a Series C funding round that could value it around $400 million. 
  • MaiCoin looks to use the proceeds to finance expansion into Southeast Asia. 
  • MaiCoin saw trading revenue jump over 70% annually through 2025. It saw similar growth for its crypto brokerage business.
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