Crypto exchange gets listed on stock exchange...before they've launched!?

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Quote from: sunsilk on February 08, 2019, 08:53:03 PM

You must put the source on where you got this news.

Source: Cryptocurrency exchange gets listed on stock exchange - before they even officially launch

Thanks for pointing that out! LOL it’s even worse because I work for the site (but I’m not the author of this article).

sunsilk

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You must put the source on where you got this news.

Source: Cryptocurrency exchange gets listed on stock exchange - before they even officially launch

c_atlas

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I personally don't think the fact that they're public matters. If anything it's just a false illusion of security since we "assume" they'll be regulated (in some ways they will be but not in others). The reality is they can still be hacked/lose funds if they're not following crypto exchange industry standards for securing funds. I don't see how being publicly traded will change how they handle that.

The biggest issue I have is that I doubt the relevant shareholders will be crypto owners. This is the TSX, it's not hard to imagine the majority (and probably the larger shareholders) will be a mix of people who

didn't get rich off bitcoin and see this as their opportunity to get on a smaller wave
don't want to risk trading crypto so they stick with something they're familiar with (a stock exchange)

CryptoPressAssociation

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Quote

Cryptocurrency exchange gets listed on stock exchange - before they even officially launch.

(selected snippet from full article ) ...while today's news did indeed end with the company having a stock exchange listing, they took a creative (but fairly common) shortcut - they bought a company that already had a listing, merged with it, then renamed it. In this case it was a mining company, and not crypto mining - minerals. That company was called UC Resources and hasn't been active since 2015.

The newly formed company 'Voyager Digital Ltd' begins trading this Monday on TSX Venture Exchange, a subsidy operated by the Toronto Stock Exchange with a market cap of approximately $40 billion.

There's actually some advantages here for potential users, specifically on the issue of trust. Now a "publicly traded company" Voyager will face increased levels of oversight that others currently don't.

Full article: http://www.globalcryptopress.com/2019/02/cryptocurrency-exchange-gets-listed-on.html

What's everyone make of this? An increased level of scrutiny does come with being a publicly traded company....

Topic: Crypto exchange gets listed on stock exchange...before they've launched!? (Read 155 times)