• rippleXRP$1.31-2.12%

AvaTrade IPO, XRP Relist, Bitcoin Outflows, Tesla: Editor’s Pick – Finance Magnates

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In a solid, if unspectacular week for news, let’s take a look back at the top stories from the forex, fintech, and crypto spheres in our best of the week segment.

AvaTrade Eyes London IPO at £700 Million Valuation

Topping the forex news this week were reports of AvaTrade, the Dublin-based forex brokerage eyeing a London IPO.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

Reports suggested the listing at London stock market might see the online trading platform valued between £500 million and £700 million.

AvaTrade has picked JP Morgan and Jefferies to lead preparations for its floating which could come within months.

Read more on the AvaTrade IPO here.

Cryptocurrency Exchange Coinbase Sees Massive Bitcoin Outflows

As Finance Magnates reported on Wednesday, Coinbase, one of the largest cryptocurrency exchanges in the world, saw massive Bitcoin outflows.

Nearly $1 billion worth of BTC has left the digital exchange in just 24 hours. Almost 14,600 Bitcoin left Coinbase in a single day.

BTC’s supply at leading digital exchanges reached its lowest level in more than 2 years.

Read more on the Bitcoin Outflows here.

Ripple’s XRP Relist Campaign Gathers Steam on Twitter

The week kicked off with a social media campaign to get XRP relisted at exchanges.

The hashtag ‘RelistXRP’ began trending on Twitter in many countries as thousands of accounts dedicated
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