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NASDAQ Just Approved The Canadian Bitcoin Miner Bitfarms

1 Mins read

Crypto is gaining more and more popularity with each passing day. Slowly but surely, everyone understands the importance and benefits that crypto and their underlying tech, the blockchain bring to the world.

Now, CoinDesk just revealed that Bitfarms, a Canadian bitcoin miner, has been approved to list its common stock on the Nasdaq Global Market.

The same online publication notes that Nasdaq has approved the company’s common stock listing under the ticker BITF on the Nasdaq Global Market, according to a press release.

It’s also important to note the fact that Nasdaq’s market has three tiers that each feature different levels of capital and financial requirements.

“The tier which requires bigger financials and larger cash flows is the Nasdaq Global Select, followed by Nasdaq Global Markets and Nasdaq Capital Market,” CoinDesk notes.

We suggest that you check out the complete article in order to learn the available notes on the subject.

Bitcoin and crypto adoption explodes

The adoption of Bitcoin and digital assets exploded this year.

CNBC learned that Bitcoin could be taking another massive step towards the mainstream adoption in 2021.

It’s been revealed that the customers of some US banks will be able to buy, hold and sell BTC via their already existing accounts, says crypto custody firm NYDIG.

US banks to offer BTC services to clients in 2021

The company is a subsidiary of $10 billion New York-based asset manager Stone Ridge, and it has partnered with fintech giant Fidelity National Information Services (FIS) to enable U.S. banks to offer BTC in the coming months, according to the two firms.

CNBC says that “Hundreds of banks are already enrolled in the program, according to Patrick Sells, head of bank solutions at NYDIG.”

The notes say that while the firm is in the talks with some of the biggest U.S. banks. Stay tuned for more exciting news.

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