QuadrigaCX to Become First Publicly Traded Bitcoin Exchange
Canadian Bitcoin exchange, QuadrigaCX, has become the next Bitcoin company to announce its going public.
Starting in April, it will be listed on the Canadian Securities Exchange (CSE), a rough Canadian equivalent of the OTC markets south of the border. The CSE offers simplified reporting requirements and reduced barriers to listing. It is favored by micro cap and emerging companies.
It will be listed as Quadriga Fintech Solutions under the ticker symbol XBT, which is also commonly used to abbreviate bitcoin as a currency.
It has been a busy few days for Bitcoin companies announcing their plans to go public. Last week, Bitcoin derivatives platform Tera Exchange entered into a reverse merger with MGT Capital Investments Inc. Earlier this week, Barry Silbert's Bitcoin Investment Trust got the nod for public listing on the OTC markets.
In having to undergo financial audits, the exchange is hoping to gain trust with traders. It has reportedly picked up market share in Canada after the closures of Vault of Satoshi and CAVIRTEX.
Last month, the company reportedly secured nearly CAD $850,000 CAD ($673,200) in funding, by far exceeding the initial goal of $380,000. The round was led by Haywood Securities, Jordan Capital Markets, PI Financial and Wolverton Securities.
Co-founder Michael Patryn commented that many people buy bitcoins as a means to invest in Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe technology. However, he believes the value of the two are not tied together. Those buying shares in the exchange, on the other hand, are investing in Bitcoin infrastructure. He said:
"People investing in Quadriga Fintech Solutions are investing in our Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real , merchant processing system, and remittance platform."
He added that the company plans a dual listing in Frankfurt, Germany, but not in the US, for which it will first wait for additional regulatory clarity.
Canadian Bitcoin exchange, QuadrigaCX, has become the next Bitcoin company to announce its going public.
Starting in April, it will be listed on the Canadian Securities Exchange (CSE), a rough Canadian equivalent of the OTC markets south of the border. The CSE offers simplified reporting requirements and reduced barriers to listing. It is favored by micro cap and emerging companies.
It will be listed as Quadriga Fintech Solutions under the ticker symbol XBT, which is also commonly used to abbreviate bitcoin as a currency.
It has been a busy few days for Bitcoin companies announcing their plans to go public. Last week, Bitcoin derivatives platform Tera Exchange entered into a reverse merger with MGT Capital Investments Inc. Earlier this week, Barry Silbert's Bitcoin Investment Trust got the nod for public listing on the OTC markets.
In having to undergo financial audits, the exchange is hoping to gain trust with traders. It has reportedly picked up market share in Canada after the closures of Vault of Satoshi and CAVIRTEX.
Last month, the company reportedly secured nearly CAD $850,000 CAD ($673,200) in funding, by far exceeding the initial goal of $380,000. The round was led by Haywood Securities, Jordan Capital Markets, PI Financial and Wolverton Securities.
Co-founder Michael Patryn commented that many people buy bitcoins as a means to invest in Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe technology. However, he believes the value of the two are not tied together. Those buying shares in the exchange, on the other hand, are investing in Bitcoin infrastructure. He said:
"People investing in Quadriga Fintech Solutions are investing in our Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real , merchant processing system, and remittance platform."
He added that the company plans a dual listing in Frankfurt, Germany, but not in the US, for which it will first wait for additional regulatory clarity.