Australia-based digital payments infrastructure provider Banxa plans to be listed on the Canadian TSX Venture Exchange later this month.
Banxa’s shares will be listed on the TSX Venture Exchange on December 25, with a market cap of nearly $ 50 million. This listing will be the first in the world for this type of cryptocurrency company. TSX Venture Exchange is a Canadian public venture capital market for emerging companies. It is operated by the TMX group, which also owns the Toronto Stock Exchange (TSX). Banxa founder and chairman of the board, Domenic Carosa, said:
“Our listing on the TSX Venture Exchange will make Banxa the world’s first cryptocurrency payment service provider, providing the necessary transparency and governance for the cryptocurrency industry.”
Banxa’s listing on the stock exchange follows a Series A funding round in January that raised $ 2 million in support of the firm’s plans to enter new markets. Banxa provides “internationally regulated” services for converting fiat currencies to cryptoassets for cryptocurrency wallets and exchanges such as Binance, OKEx, Kucoin, Abra, and ShapeShift.
Companies from the cryptocurrency and blockchain industry are increasingly being listed on stock exchanges. So, Diginex, which works with blockchain and cryptocurrencies, was listed on the American Nasdaq exchange in October under the ticker EQOS after a merger with 8i Enterprises Acquisition Corp. In the same month, the Gibraltar Stock Exchange listed The Bitcoin Fund from 3iQ.
