Crypto exchange Apifiny to go public via $530 million deal with Abri SPAC


Apifiny Group Inc announced Thursday that it is going public after a merger with Abri SPAC I, a special purpose acquisition company. 

Apifiny is expected to be listed on NASDAQ once the $530 million deal officially closes in the third quarter of 2022. 

Founded in 2018, the San Francisco-based firm consolidates various aspects of digital asset trading markets, such as clearing and settlement, onto one platform. The firm’s partners include crypto big weights such as Huobi Global, OKEx, OKCoin and

Apifiny intends to bolster its blockchain technology tool offerings and regulatory transparency through the merger, according to a release.

“We are proud to be joining forces with Abri, a team that brings years of capital markets expertise and experience operating and running both public and private companies. Together, we intend to create one unified global market for digital assets,” said Apifiny founder and CEO Haohan Xu in the statement.

Apifiny is one of the newest crypto companies to go public through a SPAC deal. Despite their utility and activity surge in the last year, The Block reports that SPAC deals may face trouble ahead in 2022.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

5 Steps to a Successful Crypto AML Program

As cryptocurrencies become increasingly mainstream, regulators, the media and policymakers are paying more attention to the financial crime risks associated with them. But what are the biggest compliance challenges crypto firms face, and what does a best practice AML program look like? 
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC

The TRON Ecosystem Thrives Amidst Market Chaos

TRON DAO has announced the launch of a $10 million incentive fund in light of recent events to support Terra developers migrating to the TRON ecosystem, including TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which helps facilitate the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain. 
Read Full Story
Sponsored Post