BTCS aims to upgrade its public listing to the Nasdaq

Investing | December 29, 2015 By:

BTCS announced its plans to upgrade its public listing to the Nasdaq as part of efforts to secure another critical round of financing.

BTCS CEO Charles Allen explained that an underwritten offering on the Nasdaq may offer a much larger investor universe than the OTC Markets, where the shares are currently listed. Such an upgrade may open the door to more financing and reap the benefits of greater liquidity.

If the plan pushed through, BTCS would be the first crypto industry company to be traded on the Nasdaq, or indeed any North American securities exchange with higher listing standards than the OTC Markets and their equivalents.

BTCS, formerly Bitcoin Shop, is a blockchain security company.