Argo Blockchain graduates to trading on OTCQX in US

Argo Blockchain has confirmed that it has graduated to trading on the OTCQX Best Market in the United States, an upgrade from its listing on the OTCQB Venture Market.

Its listing on the OTCQX market represents the highest possible tier of the OTC market.

To qualify to trade on the respective market, firms must show signs of strong governance standards and is usually reserved for companies with an established track record.

The move should further increase Argo Blockchain’s awareness in the US where its comparable peers on NASDAQ continue to trade at higher valuations.

Commenting on the upgrade was Peter Wall, CEO of Argo Blockchain who emphasised the importance this should have an giving increased visibility to both retail and institutional investors in the US:

“The OTCQX is the highest tier of the OTC market and we are delighted to have qualified to begin trading. We are proud of our commitment to transparency, openness and strong corporate governance. This approval will give increased access to US institutional and retail investors looking to invest in the Company and provide them with the opportunity to share in Argo’s growth as the cryptocurrency and blockchain sectors continue to gather momentum.”

The share price of ARB was given a boost in London this morning, currently trading at 241p.

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