Stock Markets Embrace Crypto: A New Era of Crypto Adoption and Growth
Despite this, Coincheck exchange’s decision to list on Nasdaq signals a big milestone in the growing mainstream acceptance of cryptocurrencies and the blockchain technology that drives them.
The exchange’s public listing on a major stock exchange could potentially attract more institutional investors and pave the way for other crypto exchanges to follow suit. This could increase the visibility of influential crypto companies, driving adoption and investment in the space. One popular company making major moves is MicroStrategy. The publicly traded company is the world’s largest corporate holder of Bitcoin.
Other prominent publicly traded crypto companies include Coinbase and bitcoin mining company Riot Blockchain. Coinbase, for one, has been a standout performer in the stock market. Recently, the US exchange reported a 72% increase in Q1 revenue, smashing estimates.
In another development signifying mainstream crypto adoption, PayPal expanded the inventory of crypto products available to its 426 million customers via its integration with MoonPay. The partnership will make it easier for PayPal customers to buy a wider variety of cryptocurrencies without giving their card details to MoonPay.
