A Historic Debut for Tap Global
In a thrilling turn of events for the crypto world, Tap Global became the very first company to list on the Aquis Stock Exchange (AQSE) in 2023. This monumental occasion, announced on January 10th via a press release, was made possible through a clever reverse takeover by Quetzal Capital. It’s like when your favorite indie band finally gets signed to a major label—except this time, there’s a lot more crypto involved.
What Does Tap Global Offer?
Tap Global is not just a pretty face in the crypto arena; it packs a serious punch with its suite of services. The app caters to both UK and EU residents, offering:
- Fiat banking services
- A crypto swap service to exchange digital assets sourced from partner exchanges
- Access to staking and DeFi protocols
Regulation is the name of the game, as the app is overseen by the Gibraltar Financial Services Commission, making it a relatively safe haven in a sea of volatility.
The Numbers Behind the Listing
Quetzal Capital didn’t just tiptoe into this acquisition; they dove in headfirst, trading 20.5 million British pounds (roughly $24.9 million) in stock to Tap Global shareholders. They also conjured up an additional 3.1 million pounds ($3.8 million) through new shares issued. What’s the plan for this cash infusion? Well, it’s all about marketing and international expansion, folks. Don’t be surprised if you see Tap Global popping up in your international crypto news feed soon!
Leading in a Skeptical Market
The crypto landscape is like a roller coaster lately, especially after the FTX collapse left many shaking in their boots. Amid this climate of skepticism, Tap Global’s CEO, David Carr, acknowledged the raised eyebrows that came with their decision to go public. Yet he remains steadfast, believing that this downturn is merely a prelude to a more regulated and mature market. As he put it, “Like any emerging technology, cryptocurrency has seen its fair share of bad actors impacting market sentiment.”
Bright Spots in the Crypto Industry
Despite the doom and gloom surrounding crypto exchanges, Tap Global’s listing heralds a silver lining. Alongside major players like Binance under scrutiny and Coinbase facing headwinds, it appears that some firms are still thriving. Tap Global serves as a testament to the undeniable potential that regulated and responsible crypto services hold for the future.
