Following Binance’s lead, Bittrex International, a prominent Malta-based crypto exchange, is now launching its first Initial Exchange Offering (IEO), giving users a chance to purchase XRD tokens, issued by the RAID project, directly from the exchange.
While Initial Coin Offerings saw a decline in popularity across 2018, this year we are witnessing a resurgence, largely led by renowned crypto exchange operators, Binance and now Bittrex.
Some of the key hurdles for projects to raise funds via token sales were lack of trust in the system, delays in token distribution and lack of liquidity via exchange listings. Now, with major exchanges becoming the middlemen, some of these issues appear to be resolved and investors are showing increasing interest.
Binance kick-started the trend with Binance Launchpad, which hosted GIFTO and BREAD sales in late 2017, but the platform gained...