OTC Markets Stands Ready For ICO Trading
Last week, a user on the Crowdfunding Professionals Association’s website asked Jason Paltrowitz about the OTC Markets and ICOs (or initial coin offerings).
Specifically, Paltrowitz was asked “Do you expect ICOs to have any impact on the business of OTC Markets?”
Paltrowitz answered; “We stand ready to have ICOs trade on our market as they become registered securities. In that respect, yes. I think we are the natural marketplace choice for these type of securities. Similar to why GBTC chose us for their public market.”
GBTC (Bitcoin Investment Trust) is an open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. GBTC currently trades on the OTCQX with a market cap greater than $1 billion.
Learn more HERE.