NASDAQ on the virtual currency exchange
NASDAQ listing conditions
Author: anonymous post from: original hits: 666
If an enterprise wants to be listed in the small capital market, it can apply to the SEC and nasdr of the United States as long as it meets the three conditions and one principle on the next page<
prerequisites
those who are engaged in biochemical, biotechnology, medicine, science and Technology (hardware, software, semiconctor, network and communication equipment), franchise, manufacturing and retail chain services, and have been economically active for more than one year with high growth and high development potential<
negative conditions
net tangible asset value is more than US $5 million, or net profit before tax is more than US $750000 in the latest year, or income before tax is more than US $750000 in the latest three years, or market capitalization is more than US $50 million<
positive conditions
after the review of SEC and nasdr, more than 300 public shareholders (Non-IPO must set up a holding company abroad, and the original shareholders must be more than 300) can be listed. According to the SEC manual, the number of shares held by public shareholders should be more than the whole share, The whole share of the United States is the basic circulation unit of 100 shares
principle of good faith
there is a popular slang in Nasdaq: "any company can be listed, but time will tell the tale.". That is to say, as long as the application company adheres to the principle of good faith, listing is sooner or later, but time and good faith will determine everything.
the full English name of NASDAQ is "National Association of Securities Dealers Automated Quotation", which is established and managed by the National Association of securities dealers (NASD). It is the world's first electronic trading market established in Washington in 1971< In fact, NASDAQ is not the second board market in the ordinary sense. Because it has absorbed many famous high-tech enterprises, and these high-tech enterprises are growing rapidly, NASDAQ gives people the impression of supporting start-ups
the original intention of the establishment of NASDAQ is to regulate the large-scale OTC trading in the United States, so NASDAQ has been used as a supplement to the New York Stock Exchange (NYSE). Advanced and huge electronic information technology has made NASDAQ the largest invisible trading market in the world
Association of Securities Dealers Automated
quotation", is established and managed by the National Association of securities dealers (NASD). It is the world's first electronic trading market established in Washington in 1971
in fact, NASDAQ is not the second board market in the ordinary sense. Because it has absorbed many famous high-tech enterprises, and these high-tech enterprises are growing rapidly, NASDAQ gives people the impression of supporting start-ups
the original intention of the establishment of NASDAQ is to regulate the large-scale OTC trading in the United States, so NASDAQ has been used as a supplement to the New York Stock Exchange (NYSE). Advanced and huge electronic information technology has made NASDAQ the largest invisible trading market in the world< There are two sectors in Nasdaq: the national market (NNM) and the small capital market (nscm) established in 1992. At the beginning of its establishment, NASDAQ's target was small and medium-sized enterprises, but it was only because the scale of enterprises became larger and larger with the changes of the times. So today, NASDAQ has divided itself into a "main board market" and a "small and medium-sized enterprise market"
NASDAQ has its own market maker system (market
maker). They are some independent stock dealers, who undertake the buying and selling of a certain stock for investors. This institutional arrangement is particularly important for those stocks with lower market value and fewer transactions. These market makers are members of NASD, which is consistent with the way TSE sponsors are formed. For every stock listed on Nasdaq, at least two or more market makers should quote prices for its stock, and the number of market makers for some larger and more active stocks can reach 40-45. These market makers include Merrill Lynch, Goldman Sachs, Salomon Brothers and other world-class investment banks. Now, more and more NASDAQ is trying to make the stock of listed companies trade at the optimal price and protect the interests of investors through this market maker system.
NASDAQ is the first electronic securities market in the world, and the fastest growing market among the major stock markets in the world. The number and trading scale of listed companies exceed that of New York market
however, with the widespread application of electronic trading today, for traders, the boundary between the two markets is becoming more and more blurred
the main stock markets in the United States are Nasdaq, New York Stock Exchange and American stock exchange
Coinbase, the largest cryptocurrency exchange in the United States, will be listed on NASDAQ on April 14. Yu Jianing, a rotating executive of the block chain special committee of China Communications Instry Association and President of Huoyuan University, said in an interview that the listing of coinbase will drive more digital asset trading platforms to ensure compliance“ Compliance will be a key factor in determining the development of digital asset trading platforms. "
Terence, head of Greater China business of coin security, believes that the listing of coinbase means that it is recognized and regulated by the SEC, which plays a positive role in promoting the regulatory development of the whole instry
It is reported that coinbase will be listed on NASDAQ on April 14. According to its forecast results for the first quarter of 2021, coinbase estimates that there will be 56 million certified users in the first quarter, and the monthly transaction user (MTU) in the first quarter will increase by 117% month on month, from 2.8 million in the fourth quarter of 2020 to 6.1 million in the first quarter of 2021in addition, its trading volume in the first quarter was US $335 billion, and its total revenue was US $1.8 billion. Net income was about US $730 million to US $800 million, and adjusted EBITDA was about US $1.1 billion. According to the report, coinbase's assets increased to $223 billion in the first quarter, accounting for 11.3% of the digital asset market
Coinbase, the largest cryptocurrency exchange in the United States, was listed on NASDAQ on April 14, 2021 with the stock code "coin"
according to its forecast results for the first quarter of 2021, coinbase estimates that there will be 56 million certified users in the first quarter, and the monthly transaction user (MTU) in the first quarter will increase by 117% month on month, from 2.8 million in the fourth quarter of 2020 to 6.1 million in the first quarter of 2021
in addition, its trading volume in the first quarter was US $335 billion, and its total revenue was US $1.8 billion. Net income was about US $730 million to US $800 million, and adjusted EBITDA was about US $1.1 billion. According to the report, coinbase's assets increased to $223 billion in the first quarter, accounting for 11.3% of the digital asset market
extended data
BTC currency price exceeds US $64000:
bitcoin price has risen recently e to the market sentiment boosted by the listing of coinbase and other information, as well as the risk aversion of investors. According to the official website of coin security, the price of bitcoin has risen to $64520, up 6.69% in 24 hours. Other cryptocurrencies such as eth, BNB and XRP rose by 10.38%, 7.17% and 24.07% respectively within 24 hours
Du Jun, co-founder of fire coin group, is accepting that bitcoin has been brewing for a long time under the $60000 round mark and has broken through many times. At present, bitcoin has finally stood firm and reached a new high. In the current U.S. market, the continued issuance of U.S. dollars has aroused public concern about the depreciation of U.S. dollars, and bitcoin has become a safe haven asset for some indivials and institutions
at present, many applications for establishing bitcoin based ETFs have been submitted to the SEC in the US market. Du Jun also reminded that after the rise of the currency price, there may be a part of the profit taking market to lead to a correction, so we need to pay attention to the scope of the correction
because large state-owned enterprises have a lot of money to raise funds by issuing shares, and the domestic market can't afford such large enterprises to be listed, so many large state-owned enterprises prefer to be listed in Hong Kong, Now the domestic market has such a bearing capacity, so more state-owned enterprises listed in Hong Kong are back to be listed in China
as long as they comply with the exchange and domestic laws and regulations, they can be listed in several exchanges at the same time, such as ICBC, which is listed in China and Hong Kong at the same time