What is Initial Exchange Offering - the latest trend in cryptocurrency?
Updated : June 07, 2019 02:00 PM IST
Bitfinex, however, is not the first one to get into this new foray in cryptocurrency. OKEx, Binance, and Bittrex are already in the IEO business.
Unlike ICO which anyone with a crypto-wallet can avail, IEOs are exchange-specific. This means you need to be a user of the exchange that is offering it and buy the token using your account in the exchange.
Anyone who can convince investors with their white paper can raise money through ICOs. More often than not, the technology involved in the business is unknown.
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