U.K. Crypto Custodian Copper Explores $500 Million Sale as IPO Market Stalls
U.K.-based crypto custody firm Copper is exploring a sale at an estimated $500 million valuation, according to reports. The company had previously considered an initial public offering before turning to a potential sale.
The deliberations come as the crypto listing market remains subdued amid weaker Bitcoin prices and continued capital flows into AI. Copper's main business is ClearLoop, an in-custody settlement platform designed for institutional trading.
From the sources (2 posts)
@coindeskSCOOP: Crypto custody firm Copper is looking to sell the company for $500 million @IanAllison123 reports
@wublockchainCopper Seeks $500 Million Sale as Crypto IPO Market Stalls U.K.-based crypto custody firm Copper is exploring a sale at an estimated $500 million valuation. The company had previously considered an IPO, but the crypto listing market has re