IEOs reign supreme in 2019, with Binance as an early pace-setter

Quick Take

  • Already this year, 12 exchanges have announced IEO platforms and 39 projects have participated in an IEO
  • Three small exchanges have facilitated two-thirds of all IEOs in 2019 so far
  • BitTorrent still has the highest return with more than 538%, trailed by TOP Network with 506%
  • Out of the 12 projects, only five have actually grown in price since being listed
  • The only non-Binance launched projects that have so far sustained significant returns and have large reported liquidity were facilitated by Huobi and Bitmax

So-called Initial Exchange Offerings are booming in popularity — 12 exchanges already announced their IEO platforms and 39 projects have already participated in an IEO this year. And more are coming. But data shows that exchanges are already having a hard time competing against Binance.

It’s now becoming increasingly clear that IEOs, which Binance popularized with Binance Launchpad, are becoming a theme of 2019; just as ICOs became a theme of 2017.