The first cryptocurrency IPO: what was it?

The launch of the first cryptocurrency IPO was a significant milestone in the world of digital assets. IPO (Initial Public Offering) is traditionally associated with companies entering the stock market, but in the world of blockchain, this process took on new characteristics. In 2017, the company Longfin conducted its ICO, which became a precursor to the cryptocurrency IPO. However, it was only in 2018 that the cryptocurrency startup Bitmain, the largest manufacturer of mining devices, decided to offer its shares directly to public investors. The IPO in the cryptocurrency market attracted the attention of regulators and raised questions about regulation, transparency, and security. The first cryptocurrency IPO demonstrated both the potential and the risks that blockchain companies face when trying to enter traditional financial markets.