QuadrigaCX has announced the start of public trading with a Canadian Securities Exchange ticker symbol XBT from early April.
The company has been listed and approved under the name of “Quadriga Fintech Solutions” on the Canadian Securities Exchange, a stock exchange for entrepreneurs operated by CNSX Markets Inc.
The Canada-based QuadrigaCX received considerable investments from Vancouver’s top brokerage houses last month and has raised about $850,000 CAD in total.
“People investing in Quadriga Fintech Solutions are investing in our trading platform, merchant processing system, and remittance platform. They are investing in a team which has demonstrated growth, dedication, and the expertise to excel while others have collapsed,” said Michael Patryn, co-founder of QuadrigaCX.
Several users on Reddit have commented on the company’s poor choice of the ticker symbol, XBT. As it is commonly used for bitcoin itself, it is likely to confuse people. Reddit users have suggested the company should use QBTC or some other distinctive code instead.
Earlier this week, the Bitcoin Investment Trust revealed to CoinFox that they plan a listing on a U.S. national stock exchange in the future. The news came shortly after the BIT had received approval from an American regulator (FINRA) and a temporary ticker symbol to trade publicly. The permanent ticker symbol GBTC is expected to be approved soon.