Binance, the world’s bigget cryptocurrency exchange by trading volume, has announced it will drop plans to set up an exchange in Singapore. Singapore has a relatively welcoming legal regime for cryptocurrencies but only a handful of exchanges have been licensed. The move also halts speculation that the company would set up its headquarters in Singapore, where founder Changpeng Zhao has...
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Forget the IPO Window. Watch for More M&A
Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
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