Cryptocurrency exchange Diginex became the first crypto trading platform to be listed on NASDAQ under the EQOS ticker, iHodl Russia has learned.
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Diginex collaborated with a specialized company for targeted mergers and acquisitions (SPAC) 8i to enter the stock market.
As a result of attracting investments and disposing of the SPAC’s assets, the company obtained $50 million that will be used towards strengthening its balance sheet assets and investments in its own business.
Diginex CEO Richard Byworth expects both retail and institutional investors to be interested in the company's shares.
He also expects that over time, most of the EQOS stock will be concentrated in the hands of US citizens.
"This is a watershed moment for both Diginex and the cryptocurrency industry with the listing of the first-ever company with a crypto exchange on Nasdaq," Byworth added.
Byworth also suggested that more and more crypto-focused companies would enter the stock markets. According to Diginex CEO, this expansion will increase confidence in the industry.
iHodl earlier reported that Hashdex, a Brazil-based regulated fund manager, signed an agreement with Nasdaq to launch the world's first exchange traded Bitcoin fund (ETF).
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