The Ghana-based crypto exchange is considering another roughly 10% equity sale after a local investor bought about 10%, as it pursues expansion and joins Ghana’s virtual asset exchange pilot.
Hyro Exchange, a Ghana-based cryptocurrency exchange, is considering selling about another 10% equity after a recent seed round to accelerate expansion in Ghana and other key African markets. A local Ghanaian investment firm recently acquired about 10% of the company, lifting Hyro’s valuation to several million dollars. The platform has also joined Ghana’s virtual asset exchange pilot program, a step that could help position it as the market develops oversight for digital-asset trading venues.