UK Crypto Firm Copper Explores $500M Sale as Weak Bitcoin Market Hurts IPO Plans

Copper, a British cryptocurrency custody provider, is reportedly considering a potential sale at an estimated valuation of around $500 million. This development follows the company’s earlier consideration of an initial public offering, a plan that has since lost traction as conditions in the crypto listing market remain subdued.

The slowdown comes amid weaker Bitcoin prices and a broader shift in investor focus toward artificial intelligence. Copper’s main product, ClearLoop, is a settlement platform that enables institutional traders to execute transactions while keeping their assets securely held in custody.

Source: CoinDesk