Crypto exchange startup INX Limited plans to raise $129.5m in IPO

INX Limited, a crypto exchange, is reportedly planning to go public and to rake in $129.5m in the process.

The Gibraltar company has filed a draft F-1 form to the United States Securities and Exchange Commission (SEC). The preliminary prospectus stated that the IPO will see INX Limited offer 130 million INX Tokens to investors.

INX Limited plans to market the tokens through retail and institutional investors through its initial public offering, Coinbase reported.

In other crypto news, FinTech Global reported on August 19 that Malta-based cryptocurrency exchange CGEX has announced it is going to delete its data about customers next month. The reason is that the company is closing down in September.

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