Sign Up on MEXC
Cryptocurrency exchange Coinbase is all set to list its COIN shares on Nasdaq ahead this month on April 14. The news has already created a major buzz in the global crypto community!
As per the latest Bloomberg report South Korean investors have now started piling the stocks companies having their association with crypto exchanges. Hanwha Investment & Securities Co, a broker having a minority stake in South Korean crypto exchange Upbit, has become the best performing stock on a year-to-date chart.
The stock of this company has gained more than 200% year-to-date. Interestingly, if we see the chart below, there’s a heavy accumulation over the last week, just at the time when Coinbase’s public listing confirmation arrived. Just in a week’s time, the Hanwha stock has shot up more than 100%.
The brokerage firm Hanwha own a minority 5.16% stake in Dunamu, that operates Upbit. The Bloomberg report notes:
“Hanwha Investment appears to be Korea’s biggest beneficiary of the latest optimism on digital currencies, fueled by Coinbase’s move to directly list on Nasdaq and speculations that Dunamu can make a similar move as cryptocurrencies become more mainstream”.
Dunamu Aims for a Nasdaq Listing
As per the latest industry report, Dynamo is now eyeing for a possibly listing on the tech-heavy U.S. index Nasdaq. It is interesting to note that stocks of other shareholders in Dunamu has also shot up in recent times.
For e.g. Kakao Corp. has surged 38% and Woori Technology Investment Co. has gained about 140%. As per the regulatory filing both these companies have 8% stake in Dunamu.
Coinbase listing sets a new precedence in the cryptosphere and provides the necessary fuel for other crypto firms to go public. Besides, it also bridges the gap with Wall Street and traditional markets.
On other hand, the crypto investors’ activity in South Korean has picked up strongly over the last week with the return of the Kimchi premium. Currently, the BTC price on Korean exchanges has shot above $71,000.
- BlackRock Ethereum ETF Sees Record 80,768 ETH Inflow After Huge Sell-Off Week
- Crypto Expert Reveals Why XRPR ETF Launch This Week Could Be A Bigger Deal Than Spot XRP ETF
- Bitcoin News Today: Key Indicator Turns Bearish to Neutral Ahead of Fed Rate Cut Expectations, Court Rejects Trump Appeal
- Bitwise Files S-1 for Avalanche ETF With SEC Following Delaware Registration
- REX-Osprey Dogecoin and XRP ETFs Set to Launch September 18
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
- Trump Coin Price at Risk of a 16% Dive as Open Interest, Whale Selling Intensify
- Hype Price Prediction Gains Momentum — Is USHD Launch the Fuel for $72 Target?
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
