Canadian Stock Exchange’s Bitcoin Stock Exchange to Offer Free Exchange Entry for Investors
The Canadian Stock Exchanges of New York Stock Exchange and Toronto Stock Exchange will soon allow people to exchange bitcoin for Canadian dollars, according to the company’s website.
The exchange’s bitcoin exchange will be able to accept bitcoin payments from investors, the company said.
Bitcoin is an alternative digital currency that can be used to purchase goods and services, as well as for online transactions.
Its value is set to grow significantly this year as the bitcoin price continues to soar, rising from around $1,400 per coin to more than $4,000 per coin in recent weeks.
Investors are buying and selling bitcoin through exchange platforms like BitStamp, Gemini and Coinbase, which is now the second-largest bitcoin exchange in the world.
The U.S. exchange Kraken, which has been selling bitcoins since late March, is also a major player in the bitcoin exchange market.
The Bitcoin ETF, which tracks the value of bitcoin and other cryptocurrencies, recently approved a proposal to sell bitcoin.
Bitcoin futures contracts traded on the New York Exchange have also been up nearly 70% since last week.