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Could Bitcoin Futures Add Legitimacy to Initial Coin Offerings?

Could Bitcoin Futures Add Legitimacy to Initial Coin Offerings?

December 13, 2017

Via: TheStreet
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The first bitcoin futures have added some legitimacy to the cryptocurrency and now industry watchers are eyeing whether it will have a similar effect on one of this year’s hottest fundraising mechanisms.

Initial coin offerings have picked up some serious steam amid the broader bitcoin craze. ICOs are similar to initial public offerings in that they are a vehicle for startups to raise money, but instead of issuing stock, digital currency, or tokens, are offered. Over 200 companies have raised about $3.6 billion via ICOs this year, with more than $800 million being raised in September alone, according to data from ICO tracker CoinSchedule.

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