Breaking news!
The cryptocurrency world is shaken!
BlackRock, together with Wall Street giants such as Morningside Securities, are dissatisfied with the many regulations of the New York Stock Exchange and Nasdaq, and have gathered forces from all parties, including relatives and friends, to build a new national stock exchange in Texas - the Texas Stock Exchange TX! CEO James Li said that the headquarters is located in Dallas, has raised more than 120 million US dollars, and plans to submit registration documents to the SEC this year, aiming to match transactions in 2025 and welcome the first listed product in 2026. With the "escort" of giants such as BlackRock, everything seems to be going smoothly. In addition to dissatisfaction with the rules, the creation of the exchange is also due to the relocation of many large companies to Texas, where the number of Fortune 500 companies is on par with New York. The new exchange claims to be more friendly to CEOs, focusing on fully electronic transactions and providing convenient listing channels. This is also related to cryptocurrency. Morningside Securities is ambitious in the field of encryption. In June 2023, it jointly established the EDX exchange with Fidelity and others to provide retail brokers with mainstream currency trading services and compliant operations.
