On December 3rd, Norway-based Block Exchange (NBX) reportedly disclosed details regarding the listing of its shares on the pan-European Euronext stock exchange.

Specifically, NBX – founded three years ago by Bjørn Kjos, who was also the founder of Norwegian Air Shuttle and Bank Norwegian – will reportedly take the pioneering role of the first crypto platform in the Nordic nations (Norway, Sweden, Denmark, and Finland) listed on the above-mentioned stock exchange. 

NBX reportedly finalized the listing of eight crypto coins along with about 20 trading pairs available. The exchange received approval and was subjected to supervision from the Financial Supervisory Authority of Norway.

NBX reportedly claimed to take the first spot among the Nordic nations to offer insurance for the customers’ crypto through the $150 million Ledger Vault insurance pool, which pays out anytime a covered event takes place.

In December last year, NBX successfully secured $6.6 million via equity and sale. The firm revealed that it would not try to obtain any more capital injection in anticipation of the Euronext listing. 

Throughout 2020, the market capitalization of the company reportedly experienced an increase of 142% on over-the-counter exchanges to hit $56.52 million. 

It reportedly possesses more than 25,000 customers and finalized the process for  $101.18 million during the first nine months of the year.

‘We are currently well-funded to be able 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.” Head of the firm Stig Kjos-Mathisen further remarked regarding the development.