Motilal Oswal
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Motilal Oswal
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Cryptocurrency companies use 'backdoor' listings to ease into mainstream

Updated : February 22, 2019 08:27 AM IST

In the most recent deal, US crypto broker-dealer Voyager Digital on February 11 achieved a "backdoor" listing on Toronto's Venture Exchange after it bought control of mineral exploration firm UC Resources.
Such purchases, also known as reverse mergers, allow companies to offer shares to the public without the rigours and regulatory scrutiny of a full initial public offering (IPO).
Cryptocurrency companies use 'backdoor' listings to ease into mainstream
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