The Australian payments infrastructure provider Banxa, which facilitates fiat-to-cryptocurrency payments, plans to list its shares on a Canadian venture exchange, according to Financial Review.
The company has already received approval from Canadian regulators.
Banxa shares will trade on the TSX Venture Exchange, which hosts listings of early-stage companies. The operator of the platform is TMX — the owner of the Toronto Stock Exchange.
It is expected that after the listing the Melbourne-based company’s market capitalization will reach $50 million.
“Listing on the TSX will make Banxa the world’s first provider of cryptocurrency payment services, delivering the sector the much-needed transparency and oversight,” said the company founder Domenik Carlos.
According to Banxa’s site, the company’s users include Bitcoin exchanges Binance, OKEx, Bybit, KuCoin, as well as wallets Edge and CoolBitX.
In January, Banxa raised $2 million in a Series A financing round.
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