Binance, OKEx Payments Partner Banxa Set to Make Milestone Stock Exchange Listing

The crypto payments infrastructure provider is set to list on a Canadian stock exchange in what's being claimed as a world first.

Dec 14, 2020 at 8:52 a.m. UTC
Updated Sep 14, 2021 at 10:42 a.m. UTC

Australia-based digital payments infrastructure provider Banxa is set to list on a Canadian stock exchange after being granted approval from local regulators earlier this month.

According to a report from the Australian Financial Review's Street Talk, Banxa's shares are expected to launch for trading on TSX Venture Exchange on Dec. 25, with a market cap of almost $50 million.

TSX Venture Exchange is the Canadian public venture capital marketplace for emerging companies. It's operated by TMX group, which also owns and manages the Toronto Stock Exchange (TSX).

The listing is described as a world-first for this type of cryptocurrency company.

"Our TSX [Ventures] listing ... will make Banxa the first crypto payment service provider to be listed in the world, bringing well-needed transparency and governance to the crypto sector,” founder and Chairman Domenic Carosa said in the report.

The exchange listing follows on from a $2 million Series A funding round in January that was undertaken to support the firm’s plans to expand into new markets.

Banxa provides "internationally compliant" fiat-to-crypto gateway services for crypto wallets and exchanges such as Binance, OKEx, Kucoin, Abra and ShapeShift, according to its website.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Breaking Barriers to the Web 3 Creator Economy

The latest innovations in blockchain technology are enabling creators to earn more from their work and achieve an unprecedented level of autonomy.

The latest innovations in blockchain technology are enabling creators to earn more from their work and achieve an unprecedented level of autonomy.

2
How Not to Run a Cryptocurrency Exchange

At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

3
Morgan Stanley Warns NFTs Next to Watch After UST Collapse, Bukele Announces Mega Banks Meeting in El Salvador

The most valuable crypto stories for Monday, May 16, 2022.

The most valuable crypto stories for Monday, May 16, 2022.

4
First Mover Asia: Metaverse ETFs Are Underperforming Gaming ETFs; Cryptos Return to the Red

Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?

Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?