Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Appro...
Zimbabwe Stock Exchange (ZSE) CEO Justin Bgoni says its recently licensed subsidiary, the Victoria Falls Stock Exchange is open to listing bitcoin and other cryptocurrencies. However, according to local media reports, any such listings are still dependent on the digital asset issuers getting “regulatory approval.” The report does not provide any details of requirements that cryptocurrency issuers must meet for their respective tokens to get listed. Furthermore, some in Zimbabwe’s small crypto community are still skeptical about the announcement especially since it is not....
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Other than buying Coinbase stock when it lists, retail parties can trade Coinbase stock price action on FTX, but not if they are in the United States. Crypto exchange Coinbase intends to go public via a direct listing on April 14, based on recent information. This means shares of Coinbase stock will become available for trading on the Nasdaq, bringing another part of the crypto space into mainstream finance. Confusion can accompany activity in the traditional financial world, though. Companies, accredited investors and other entities engage with stocks and finance in various measures, but....
Coinbase’s direct listing will most likely set a precedent for other crypto firms, as COIN stock may rival Bitcoin for popularity. After an extended period of speculation as to when Coinbase would finally go live with its public stock listing, the United States-based cryptocurrency exchange released a blog post earlier this month stating that it had registered with the U.S. Securities and Exchange Commission to hold a direct listing on Nasdaq on April 14.In this regard, Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol “COIN.”....
Early price action from the Coinbase stock listing on the Nasdaq reveals volatile reaction from traders. Trading has already begun on Coinbase’s COIN stock on the Nasdaq after weeks of anticipation following the U.S. exchange giant’s direct listing announcement.COIN began trading significantly higher than the $250 reference stock price assigned by Nasdaq prior to the market open, rising quickly to around $430. The price fell sharply within the first few minutes of trading however, and sits at $381 at time of publication.Even so, COIN is up about 55%, putting the U.S. crypto exchange....
Zimbabwean lawyer Simba Machiridza has written a white paper on the state of the preparedness of the country as a base for Bitcoin companies. He concludes that Zimbabwe is an ideal destination. Machiridza believes Bitcoin offers a viable alternative to Zimbabwe’s current financial framework, and wrote the paper in order to analyze whether it would be possible for Bitcoin to be adopted in the country, which has a multicurrency regime. He concludes in the white paper that the laws currently in place in Zimbabwe would permit the application of Bitcoin, should the authorities adopt an open....
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