BitFury could be the first-ever Bitcoin IPO to be traded on a major exchange if its goal of getting listed on the NYSE will push through next year.
Founded in 2011, the Bitcoin mining hardware manufacturer is positioned to become the first Bitcoin stock that is publicly traded, following its $20 million funding round in May.
“The success of this funding round validates our strategy and brings us closer to our aspiration of becoming the world’s first publicly listed Bitcoin company,” said BitFury CEO Valery Vavilov.
He added that the investment will catalyze the company’s growth and will be instrumental in the production of innovative hardware and services that will further push BitFury ahead in the industry.
A San Francisco and Amsterdam-based company that is responsible for powering up almost 40% of the whole Bitcoin mining ecosystem with its next-generation ASIC mining chips, BitFury is reported to generate revenues of more than $200 million before this year ends.
If everything falls into place for this company, Bitcoin users and practically anyone can capitalize off on its success, possibly doubling the profits of those investors who are also engaged in Bitcoin binary options trading market.
Once BitFury becomes listed on the NYSE, binary options trading in the Bitcoin platform will likely feature this stock, and therefore, allow Bitcoin traders to earn the digital currency by trading the first Bitcoin IPO by simply investing bitcoins and make a call or put order.
Meanwhile, the company’s listing in the major exchange will further strengthen Bitcoin in the mainstream market and will aid in expanding the awareness of the digital currency, making Bitcoin more of a household name.
Its direct benefit to the online Bitcoin gambling industry may not be apparent as compared to the world of Bitcoin binary options, but it certainly has its effects on the sector. For instance, gaming platforms can expect new adopters to indulge in the Bitcoin betting market while Bitcoin prediction markets can ride on BitFury’s trading performance.