Initial exchange offering

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Initial exchange offering (IEO) is a variant of initial coin offerings, operated directly by cryptocurrency exchanges.

A notable example was when the Bitfinex exchange issued an IEO apparently to shore up its reserve for Tether tokens. [1]

The U.S. Securities and Exchange Commission is looking into IEOs, with a view to acting against violations of securities laws. [2]

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  1. Kharif, Olga (6 May 2019). "Speculation Mounts That Crypto Exchange Bitfinex Is Planning a Token Sale". Bloomberg. Retrieved 2019-11-01.

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