A Public Offering in cryptocurrency refers to the process through which a new cryptocurrency or token is made available to the general public for purchase. This is often done to raise funds for development or expansion of a project.There are different types of public offerings, with Initial Coin Offerings (ICOs) being one of the most common. In an ICO, a project issues new tokens and sells them to investors, usually in exchange for established cryptocurrencies like Bitcoin or Ethereum. Investors typically receive tokens that may have utility within the project’s ecosystem or could appreciate in value over time.Public offerings can also take the form of Initial Exchange Offerings (IEOs), where tokens are sold directly on a cryptocurrency exchange. This method adds an extra layer of credibility since the exchange conducts due diligence on the project before listing it.While public offerings can be beneficial for projects and investors, they also carry risks. Many projects do not succeed, and investors could lose their funds. Proper research and due diligence are essential before participating in any offering.
UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the