Is Digital Currency group publicly traded? The answer is a resounding “yes.” The company is an investment vehicle for companies in the cryptocurrency industry. Its investments focus on blockchain, bitcoin, and fintech. DCG, which is headquartered in New York, has been valuing its portfolio at $10 billion since it raised its first round of funding in June 2015.
The company’s board has authorized a share repurchase program worth $250 million in its grayscale Litecoin Trust (LTCN) and Grayscale Horizen Trust (HZEN) and 200 million in other publicly traded products. These repurchases are funded with cash on hand. As long as the company follows its dividends, there’s no reason it shouldn’t be able to IPO in the future.
Coinbase Global, one of the most popular cryptocurrency exchanges, is currently undergoing its IPO. It’s widely used for purchasing major cryptocurrencies and also a range of altcoins. Its IPO is expected to take place in April 2021. The company also allows investors to trade more than fifty other altcoins. Listed on the New York Stock Exchange, Coinbase Global’s IPO is due to begin in 2021.
While it’s unclear when the digital currency will reach the mainstream, it’s already being used in several countries, including India. This makes India a particularly interesting playing field for digital currency. A large portion of the population there is left out of traditional finance, but the growing interest in mobile commerce solutions suggests that a disruption of the financial industry is long overdue. For now, there is no definitive answer to the question, “Is Digital Currency group publicly traded?”