This year has been a busy one for the Australian crypto service provider Banxa and there are even more events ahead.
Banxa, an Australia-based crypto service provider, is to be listed on TSX Venture Exchange, a Toronto stock exchange, with a market cap just shy of $50 million. Reports from Australian Financial Review’s Street talk stated that Banxa was given the green light earlier this month by local regulators and its shares are now expected to launch for trading on December 25.Banxa’s listing is a first of its kind for a crypto service provider company. Speaking after the announcement, Domenic Carosa, founder and chairman of the Australian company stated that the TSX Venture listing will make Banxa the first-ever crypto service provider to be publicly listed in the world. He added that the listing will provide the needed transparency and governance to the crypto world.TSX Venture Exchange is owned and managed by TSX Group and is the Canadian public venture capital marketplace for startup companies. The TMX Group also owns and operates the Toronto Stock Exchange (TSX).Banxa Ahead of Listing on Toronto ExchangeThis year has been a busy one for the Australian crypto service provider. The company in January raised $2 million in a Series A round which saw ASX-listed Thorne Investment Group Australia participate and was led by NGC Ventures, a blockchain investment firm. The company announced at the time that, the funding was to be used for its expansion into new markets which included Africa, Asia and Europe.A few months later, the company in a strategic partnership announced in June that they were planning on obtaining regulatory and technology means for its expansion by leveraging custody and settlement infrastructure from Zero Hash, an American exchange platform and Money transmitter operating across 40 states. The partnership was to enable Banda to expand its fiat gateway API solutions for crypto wallets and exchanges as well as other cryptocurrency-related businesses all over North America.In October, the Australian crypto service provider again teamed up with Huobi, one of the biggest cryptocurrency exchanges in the world in an agreement which saw the crypto exchange giant add a couple of new fiat currencies (AUD, GBP, EUR) to its listings.The partnership gave users of Huobi in Australia, the UK, and the EU the option to buy and trade digital coins directly with their local currencies. Ciara Sun, Huobi Group’s VP of Global Markets stated that the partnership was a great one as it brought about flexibility to its users as well as a wide range of choice for payment methods. She added that, partnership also allowed Huobi to support some three of the world’s most used currencies and marked a milestone in Huobi’s quest for global expansion.Banxa is a partner of Binance and has been in operation since 2014. The company provides fiat-to-crypto gateway services for exchange including Abra, OKEx, Shapeshift, Kucoin as well as its business partner Binance.next
