Taiwanese Crypto Exchange to Go Public on Nasdaq: Reports
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MaiCoin Group, an operator of Taiwan's largest cryptocurrency exchange, might go public on the Nasdaq stock market within two years, Bloomberg has learned, citing people familiar with the matter.

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Currently, the company is completing a Series C funding round that might brings its valuation at about $400 million. MaiCoin reportedly plans to use the proceeds to finance expansion into Southeast Asia. However, no final decision has been made as the funding is still in the process.

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According to a fundraising document seen by Bloomberg, MaiCoin plans to increase its trading revenue to over 70% annually through 2025. It also projects similar growth for its crypto brokerage arm. The people close to the exchange say it gets approximately 80% of its revenue from Taiwan. At the same time, the exchange and brokerage businesses are similar in size.

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