BitMEX: Crypto IEO ’poor performance’ sees investors lose up to 98%

BitMEX: Crypto IEO ’poor performance’ sees investors lose up to 98%

Initial exchange offerings (IEOs), which launched in 2019 have lost investors up to 98% of their money. BitMEX Research in its report identified 12 major IEOs that launched this year. Of those, 11 are now almost worthless compared to the price at which they first traded on exchanges. ’Relative to the first traded exchange price… the performance to date has been poor,’ the report summarized.

Tom A
Tom A
Top in Crypto
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