MaiCoin, a cryptocurrency exchange based in Taipei, is considering listing its stock on Nasdaq in the next two years. However, no final decision has been reached.
The exchange is nearing the end of its Series C investment round, which may put the company’s valuation at $400 million.
According to publicly accessible data, Taiwan accounts for the majority of the exchange’s revenue. One of its backers is Taishin Venture Capital, a subsidiary of Taiwan’s Taishin Bank.
The Taiwan dollar can be used by traders on the exchange through domestic bank transfers. They can also purchase cryptocurrency from a variety of convenience stores.
According to records, MaiCoin anticipates annual trading revenue to increase by more than 70% by 2025.
According to CoinGecko data, MaiCoin’s MAX exchange has a daily trading volume of roughly $20.4 million.
MaiCoin is also backing a Taiwan dollar stablecoin project, although regulatory concerns from the island’s Central Bank could stymie its progress.