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

[CryptoPressAssociation]

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....

[c_atlas]

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)

[sunsilk]

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

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

[CryptoPressAssociation]

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).