Copper, a digital asset custodian, is reportedly considering options for a public listing, as highlighted in a recent CoinDesk report. According to the official information, this development follows the recent public debut of its competitor, BitGo, on the New York Stock Exchange, signaling a rising interest among investors in firms that focus on providing infrastructure for the cryptocurrency market.
Discussions on Copper's Potential Listing
The discussions surrounding Copper's potential listing have involved major financial institutions such as:
- Deutsche Bank
- Goldman Sachs
- Citigroup
This indicates that the company is in the early stages of planning, although no formal decision has been made yet. The engagement with these prominent banks suggests that Copper is actively evaluating its options as market conditions continue to change.
Company's Stance on Public Listing
A spokesperson for Copper clarified that the company is not currently pursuing a public listing. However, they refrained from commenting on the ongoing discussions regarding the possibility of going public. This cautious approach reflects the company's awareness of the evolving landscape in the digital asset space and the implications of a potential listing.
In a related development, Changpeng Zhao, CEO of Binance, faces scrutiny over the exchange's token listing practices, prompting calls for greater transparency. For more details, see Binance's listing process.
