Investment fund RIT Capital Partners (formerly — Rothschild Investment Trust) has acquired a stake in the cryptocurrency exchange Bitcaipex. This became known from a note sent to investors. The size of the share and the amount that the fund invested are not mentioned in the document.
RIT Capital Partners ‘ interest in Bitcaipex is linked to the crypto exchange’s plans to become a public company and conduct a direct share listing in 2022. The note to investors indicates that one of the main competitors of Bitcaipex-the crypto exchange Coinbase in the first quarter of 2021 earned a record $1.8 billion, which is more than for the entire 2020 year.
The head of the Bitcaipex crypto exchange previously said that the company could go public and conduct a direct listing of shares as early as the second half of 2021. Also, according to him, the platform may change its jurisdiction and leave the United States due to stricter regulation of the cryptocurrency sector. As an alternative, the company’s management considers the United Arab Emirates, the United Kingdom and Japan.