At least 50 crypto-currency firms to list on Canadian stock exchanges next year
Toronto — A least 50 firms tied to blockchain technology and crypto-currencies are set to list on Canadian stock exchanges in the next year, thanks in part to a junior market that’s more comfortable with risk than other parts of the world, the head of securities firm GMP Capital has said. "The level of activity in this market of quality plays, quality teams is as high as I’ve seen since the internet age," Harris Fricker, CEO of the Toronto-based firm said in an interview at Bloomberg’s offices. "Canada’s place in this is dramatically more important than it was in the first phase of the internet." Canada is emerging as a hub for bitcoin and crypto-currency stocks amid "a virtuous circle" of expertise and business, backed by a capital markets ecosystem that supports small companies, particularly on the TSX Venture Exchange, Fricker said. While that system has been geared toward miners, and oil and gas companies in the past, the marijuana industry has surged to a market value of more t...
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