Cryptocurrencies May Soon be Coming to a Bank Near You

Cryptocurrencies have gone absolutely ballistic. All thanks to retail and institutional interest, which shows no signs of slowing. In addition, “Companies including Square, Robinhood, Cashapp, and even Paypal have implemented select cryptos, allowing these nontraditional assets to reach millions of potential investors who wouldn’t have previously been willing to go through the hurdles required,” as reported by the Atlanta Business Chronicle. Along the way, all could help send cryptocurrencies, miners, and companies that help buy, sell, and manage digital currencies to higher highs, including Tokens.com Corp. (NEO:COIN)(FSE:76M), Coinbase (NASDAQ:COIN), Riot Blockchain (NASDAQ:RIOT), Marathon Digital Holdings Inc. (NASDAQ:MARA), and HIVE Blockchain (TSXV:HIVE)(OTC:HVBTF).

In addition, Bitcoin may be coming to a bank near you. According to BeInCrypto.com, “Bitcoin is ready to take another big step forward in its quest toward widespread acceptance and use. For the first time, select U.S. banks will soon have the ability to buy, hold, and sell BTC via existing accounts. This is according to crypto custody firm NYDIG.”

Look at Tokens.com Corp. (NEO:COIN)(FSE:76M), for example

Tokens.com Corp. is a Proof-of-Stake technology company that provides investors with a simple and secure way to gain exposure to Staking rewards and cryptocurrencies. The Company provides investors with exposure to the digital assets that power Decentralized Finance and Non-Fungible Tokens, without the burden of buying, managing and securing digital assets.

In addition, the company just announced that its common shares are now listed on the Frankfurt Stock Exchange under the trading symbol 76M. The Frankfurt Stock Exchange is the largest exchange in Germany and one of the largest in the world in terms of trading volume and market capitalization. The listing will provide Tokens.com with access to a broader investment audience in Germany and Europe as well as add to its liquidity. This is a strategic move for the Company, which is currently listed on the NEO Exchange in Canada.

Andrew Kiguel, Co-founder and CEO, commented, "We're excited to be listed on the FSE. With a commitment to building shareholder value, Tokens.com will continue to execute on its long-term strategic plan and bring our unique strategy to the knowledgeable European markets."

Tokens.com also announces that it will release its first quarter 2021 financial results pre-market open on Monday May 17, 2021.

A conference call has been scheduled to discuss Q1 2021 results for Tokens.com, hosted by CEO Andrew Kiguel, starting at 11:00 a.m. ET Monday May 17, 2021.

Other related developments from around the markets include:

Coinbase co-Founder and CEO Brian Armstrong recently noted, “A decade of work and so many people brought us here. This includes every Coinbase employee, focused for years on building a financial system that’s free, fair, and open to everyone. It also includes you, the 56 million people who use Coinbase. And of course, we have to recognize Satoshi Nakamoto, who started it all by introducing Bitcoin to the world in 2008. We’ve had a number of ups and downs on our way here. Through luck and skill, Coinbase succeeded where many predicted it would fail. We weathered the ups and downs through innovation and keeping our eye on the long term. And along the way, we made cryptocurrency easier to use, introducing millions of people to this new technology. I’m proud of what we have accomplished so far. But we certainly didn’t do all this work just for one day.”

Riot Blockchain, one of the leading Nasdaq listed Bitcoin mining companies in the United States, announces an operations update that includes an unaudited Bitcoin production and an unaudited BTC holdings update, through March 2021. In March 2021, Riot produced 187 BTC, an increase of 80% over its pre-halving March 2020 production of 104 BTC. In Q1 2021, the Company produced 491 BTC, an increase of 75% over its pre-halving Q1 2020 production of 281 BTC. As of March 31, 2021, Riot holds over 1,565 BTC on its balance sheet, all of which was produced by its mining operations.

Marathon Digital Holdings Inc., one of the largest enterprise Bitcoin self-mining companies in North America, has successfully directed all of its hash rate to the Marathon OFAC Pool, Marathon’s recently launched mining pool, thereby becoming the first North American enterprise Bitcoin miner to produce Bitcoin in a manner that adheres to anti-money laundering and the U.S. Department of the Treasury’s Office of Foreign Asset Control’s (OFAC’s) standards.

HIVE Blockchain announced that, further to its announcement on March 25, 2021, it has completed the share swap transaction with DeFi Technologies Inc., pursuant to which HIVE will receive 10,000,000 common shares of DeFi Technologies, representing approximately 5% of the existing outstanding common shares of DeFi Technologies in exchange for 4,000,000 common shares of the Company, representing approximately 1% of the Company’s issued and outstanding common shares.  Completion of the transaction is conditional on the approval of the TSX Venture Exchange. In addition, HIVE and DeFi Technologies have created a partnership surrounding the “decentralized finance” (DeFi) ecosystem with specific applications around Ethereum and Miner Extractable Value (MEV). The new partnership, which follows months of discussions, will provide HIVE with a strategic stake in DeFi Technologies and a broader partnership surrounding the DeFi ecosystem with a specific focus on the Ethereum based MEV space and developments surrounding it.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Tokens.com Corp. by Tokens.com Corp. We own ZERO shares of Tokens.com Corp. Please click here for full disclaimer.

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