Initial exchange offering
Initial exchange offering (IEO) is a variant of initial coin offerings, operated directly by cryptocurrency exchanges.
A notable example was when the Bitfinex exchange issued an IEO apparently to shore up its reserve for Tether tokens.[1]
The U.S. Securities and Exchange Commission is looking into IEOs, with a view to acting against violations of securities laws.[2]
References
- Kharif, Olga (6 May 2019). "Speculation Mounts That Crypto Exchange Bitfinex Is Planning a Token Sale". Bloomberg. Retrieved 2019-11-01.
- https://www.law360.com/articles/1162809/the-sec-s-looming-initial-exchange-offering-sweep-part-1
Further reading
- "Initial Exchange Offering (IEO) - Definition". binance.vision. Archived from the original on 2019-10-31. Retrieved 2019-11-01.
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