Animoca Brands Prepares for New York Listing as US Crypto Regulation Softens
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TLDR Animoca Brands is preparing for a New York listing, citing Trump’s relaxed crypto regulatory approach The Hong Kong-based company reported unaudited earnings of $97 million from $314 million in revenue for 2024 Animoca claims to be the largest non-financial crypto firm globally with $300 million in cash/stablecoins and $538 million in digital assets The company was previously delisted from the Australian Securities Exchange in 2020 Several crypto firms, including OKX and Nexo, are reconsidering the US market following Trump’s election Hong Kong-based Animoca Brands is making plans to list in New York, taking advantage of what it sees as a more crypto-friendly regulatory environment under President Donald Trump. The company’s executive chair Yat Siu told the Financial Times that an announcement could come soon as they evaluate various shareholding structures. Siu explained that the decision to pursue a US listing would not depend on market conditions. Instead, the focus is on timing and strategic positioning in the world’s largest capital market. The company was previously delisted from the Australian Securities Exchange in 2020. This occurred due to governance concerns and questions about the status of some cryptocurrencies it held. Since then, Animoca has built an extensive investment portfolio. This includes stakes in major crypto companies like OpenSea, Kraken, and Consensys. Financial Performance and Position The company has shown strong financial performance recently. It reported unaudited earnings of $97 million from $314 million in revenue for the year ending December 2024. This represents a sharp increase from the previous year’s figures. The growth demonstrates Animoca’s expanding presence in the blockchain and crypto space. According to Siu, Animoca claims the title of largest non-financial crypto firm globally. He stated the company holds approximately $300 million in cash and stablecoins. We are pleased to report key unaudited financial and business highlights for…
Filed under: News - @ May 13, 2025 5:28 pm