Bitcoin Suisse Head Mulls IPO and Partnership – finews.com

The crypto broker lays out stepsin the next four to six quarters, following the company's regulatory setback earlier this year.

Niklas Nikolajsen, founder and chairman of Bitcoin Suisse, says that the Swiss broker could be listed on a large stock exchange in the not too distant future, in a Facebook poston Sunday.

A partnership with one of two large players in the banking and crypto financial field could also be on the horizon, Nikolajsen said. The eight-year-old company in March was forced to retreat from plans for a Swiss banking license.

Capital Raise

A capital raise is also in the works Nikolajsen said, whereby it is not clear whether this will done either through a financing round, private placement, credit or a mix of the options. In the past the company has attracted big shareholders.

Bitcoin Suisse will soon tokenize its shares and has recently changed it statutes to do so, according to the post.The announcement comes after the Swiss broker posted a strong half year, driven by trading fees.

Hiring SpreeThe company also plans to bolster staff numbers by 100 to 130 new positions, adding to its current 275 workforce over the next year. This means they will need new headquarters.

A key area during the period mentioned will be its crypto payments business, which it aims to expand to the European market. Nikolajsen says Bitcoin will apply for one or more licenses in different countries, without specifying which countries or financial regulators.

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Bitcoin Suisse Head Mulls IPO and Partnership - finews.com