Digital Asset Trading Platform Apifiny Group to Merge with SPAC.

M2 EQUITYBITES-January 28, 2022-Digital Asset Trading Platform Apifiny Group to Merge with SPAC


US-based cross-exchange digital asset trading network Apifiny Group Inc has entered into a definitive business combination agreement with special purpose acquisition company Abri SPAC I, Inc. (NASDAQ: ASPAU), the company said.

This will result in Apifiny becoming a publicly traded company on the NASDAQ stock market.

The transaction is expected to close in 3Q22 and is subject to approval by Abri stockholders and other customary closing conditions, including regulatory approvals. The boards of both Apifiny and Abri have unanimously approved the proposed transaction.

Founded in 2018, Apifiny has developed a unique ecosystem that connects highly fragmented digital asset trading markets (from trading to clearing and settlement) into a single global platform.

This increases stability, continuity and reduces disruption in the digital asset marketplace.

Apifiny securely connects dozens of digital marketplaces around the world through its single application programming interface, hence providing institutional traders immediate access to the optimal market-clearing prices and global liquidity for trading Bitcoin and other cryptocurrencies.

To date, Apifiny has partnered with over 20 of the top 100 global digital asset exchanges by trading volume, including Huobi Global, OKEx, Kucoin, OKCoin and's exchanges, amongst others.

The merger will enable Apifiny to accelerate growth, continue developing advanced blockchain and crypto technology solutions, and enhance regulatory transparency as a public company, all of which is...

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