Banxa – an Australia-based payment infrastructure provider centered around cryptocurrency should launch on the TSX Venture Exchange on the 25th of December, with a market cap of nearly $50 million.
The TSX Venture Exchange is the Canadian venture capital marketplace for companies new to the market. The TSX Venture Exchange is run by the TMX Group, which also manages the TSX Venture Exchange’s so-called older brother, the Toronto Stock Exchange.
Following the listing approval granted by Canadian financial regulators in the first days of December, the payment infrastructure provider should be able to sell shares on the Canadian market by the end of the month.
Among the partners that Banxa supports are well-known cryptocurrency exchanges such as Binance, OKEx, Abra, Kucoin, and ShapeShift.
A company focused on delivering payment solutions that are compliant with the regulations of governments around the world for services running crypto wallets, crypto exchanges, and just about anything in between.
Domenic Carosa – the founder and chairman of Banxa – expressed his pride in his team, noting that it is the first time in history that a crypto PSP is listed on a public exchange. In January, Banxa secured $2 million in funding from investors keen on joining the planned expansion of Banxa into even more international markets.
“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.”
Although the trading of Banxa assets should commence on the 25th of December, it’s safe to say that Christmas came early for those who helped secure the funding for this bold, first-of-its-kind move.