Zhao Changpeng, founder and CEO of the cryptocurrency exchange Yuan an, said in a recent interview that its US subsidiary is likely to conduct an initial public offering (IPO) within the next three years.
Zhao Changpeng said: "Yuan an the United States will do what Coinbase has done." Coinbase is the largest cryptocurrency exchange in the United States, which opened on Nasdaq in April this year.be listed.
Zhao Changpeng said that Yuan an America will also complete a round of large private equity financing in the next two months, which will reduce his control over the board of directors.
Zhao Changpeng also revealed that Yuan'an made a profit of US $800m to US $1 billion in 2020.
Last month, Brian Brooks, chief executive of Yuan an America, resigned just three months after taking office. The exchange is under pressure from regulators around the world because of concerns that cryptocurrencies are being used to launder money and pose risks to consumers.