Major cryptocurrency investment firm CoinShares has debuted trading on Nasdaq Stockholm, the primary securities exchange of the Nordic countries.<\/p>\n
CoinShares officially announced<\/a> on Dec. 19, the first day of trading on Nasdaq Stockholm\u2019s main market, with CoinShares\u2019 stock starting trading on the exchange under the ticker CS.<\/p>\n The latest trading debut marks a change of listing venue for CoinShares\u2019 stocks. Previously, CS shares were traded on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized companies in Europe. CoinShares first went public by listing<\/a> its shares on the Nasdaq First North Growth Market in March 2021.<\/p>\n According to the latest announcement, there is no offering or issuance of new shares in connection with the CoinShares\u2019 shares being admitted to trading on Nasdaq Stockholm. <\/p>\n \u201cShareholders of CoinShares do not need to take any action in connection with the change of listing venue,\u201d the company noted.<\/p>\n According to CoinShares CEO Jean-Marie Mognetti, the change in trading venue aims to emphasize the company\u2019s commitment to developing the firm into the \u201cleading full-service digital asset investment and trading group.\u201d He stated:<\/p>\n \u201cWe believe the change in listing venue will allow us to benefit from increased visibility and investor exposure while supporting our ambition to grow our market share.\u201d<\/p><\/blockquote>\n Nasdaq\u2019s head of European listings Adam Kosty\u00e1l expressed confidence in the \u201cincreased opportunities\u201d of the uplisting. \u201cWe look forward to seeing the company\u2019s further growth and development supported by increased investor visibility and international exposure within the cryptofinance community,\u201d Kosty\u00e1l added.<\/p>\n CoinShares\u2019 initial public offering was conducted<\/a> in March 2021 at a fixed price of 44.9 Swedish kronor (SEK), or $5.3 per share. According to data from TradingView, CS stock surged to an all-time high of 115 SEK, or $11, in April 2021 and has been gradually decreasing since.<\/p>\n Related: <\/em><\/strong>Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency<\/em><\/strong><\/a><\/p>\n At the time of writing, CS shares trade<\/a> at 21 SEK ($2), down about 2% since the trading debut on Nasdaq Stockholm.<\/p>\n CoinShares\u2019 change of trading venue comes amid the ongoing cryptocurrency market crisis triggered by the failure of the FTX crypto exchange.<\/p>\n As previously reported, CoinShares has not been significantly impacted by the FTX contagion due to the company\u2019s limited exposure to the FTX exchange. CoinShares said that its overall exposure to FTX amounted to $31.5 million<\/a>, assuring that the firm\u2019s financials remain strong.<\/p>\n<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/151a98e0-37a2-4845-b8b4-a70639a7b273.png\")