<span style="font-weight: 400">Norwegian Block Exchange (the "Company" or "NBX") has applied for a listing on Euronext Growth and hopes to become the Nordics' first publicly traded crypto exchange. NBX is registered with the Financial Supervisory Authority of Norway (Finanstilsynet) and intends to obtain a license as an e-money institution. "The future of the financial industry is built on blockchain technology," said NBX CEO Stig Kjos-Mathisen.</span>
<h2><span style="font-weight: 400">Norwegian Block Exchange Would Become First Cryptocurrency Platform </span></h2>
<span style="font-weight: 400">On Friday, Norwegian Block Exchange (NBX) said that it would be the first cryptocurrency<a href="https://live.euronext.com/de/node/7722555"> platform</a> in the Nordic region (Norway, Sweden, Denmark, and Finland) to list its shares on the Euronext stock exchange. Bjorn Kjos, who also founded Norwegian Air Shuttle and Bank Norwegian, founded NBX in 2018.</span>

<span style="font-weight: 400">NBX now lists eight<a href="https://www.cryptoknowmics.com/news/lars-rohde-of-danish-central-bank-says-crypto-can-be-ignored-as-a-fad/"> cryptocurrencies</a> and roughly 20 trading pairings. The Financial Supervisory Authority of Norway has authorized and overseen the exchange. NBX claims to be the only platform in the Nordic countries to protect clients' cryptocurrency through the $150 million Ledger Vault insurance pool, which pays out in a covered incident.</span>
<h2><span style="font-weight: 400">NBX Raised $6.6 Million via an Equity and Sale</span></h2>
<span style="font-weight: 400">NBX raised $6.6 million in December in an equity and sale transaction. It would not raise any additional funds in preparation for the Euronext listing. On over-the-counter exchanges, the company's market value increased by 142% to $56.52 million in the last year. It has more than 25,000 customers and processed $101.18 million in revenue in the first nine months of the year.</span>

<span style="font-weight: 400">In response to the news, CEO Stig Kjos-Mathisen issued the following statement:</span>
<blockquote><em>"We are currently well-funded to deliver on our ambitions for the development of technology and products as well as customer acquisition in the near term. However, as a listed company, we will be relevant for a much broader investor base and be well equipped to utilize the equity market when more capital is required later."</em></blockquote>
<span style="font-weight: 400">Even as regulators have taken a loser approach to digital asset oversight, cryptocurrency uptake in the Nordics has been gradual. Crypto activities in Norway are mainly unregulated, according to Norway's financial, administrative agency, which solely supervises corporations for money laundering. There are less than ten companies engaged in the digital currency market in Finland. The first Polkadot exchange-traded vehicle was recently launched on Sweden's Nordic Growth Market exchange. In Denmark, the <a href="https://www.cryptoknowmics.com/news/denmark-tax-minister-seeks-to-modify-in-existing-law-to-address-crypto/">country's largest bank</a> advises caution regarding cryptocurrency acceptance but opposes involvement.</span>

Euronext Will List the Norwegian Block Exchange as First Nordic Platform

Norwegian Block Exchange (NBX) said that it would be the first cryptocurrency platform in the Nordic region (Norway, Sweden, Denmark, and Finland) to list its shares on the Euronext stock exchange.

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Euronext Will List the Norwegian Block Exchange as First Nordic Platform

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