According to a recent Wall Street Journal report, BlackRock and Citadel are backing a firm to launch a new national stock exchange in Texas.
The Texas Stock Exchange reportedly secured around $120 million in funding and is prioritizing ETF listings, as well as aiming to offer a more competitive alternative to the two major US stock exchanges.
The Texas Stock Exchange has reportedly already secured approximately $120 million in funding and intends to file registration statements with the U.S. Securities and Exchange Commission towards the end of this year, according to a June 4 Wall Street Journal So far, there are already a handful of crypto firms on the Nasdaq stock exchange, including cryptocurrency exchange Coinbase , as well as major Bitcoin (A new stock exchange is also good news for investors looking to gain exposure to crypto because it means more competition pressure for the two major exchanges, NYSE and Nasdaq.
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