UK crypto app Tap Global has actually become the very first 2023 listing on the Aquis Stock Exchange (AQSE), according to a Jan. 10 press release from the business. The listing was accomplished through a reverse takeover by Quetzal Capital.The first #AQSE listing this year. Thank you to @SimonPeterHunt of The Evening Standard( @standardnews)for covering the news of our stock market launching. #TAP #RTO #PLC Full article: https://t.co/NK5Wp2VqjG!.?.!— Tap Global Group Plc (@TapGlobalPlc)
January 10, 2023 Tap supplies fiat banking services, a crypto swap service that sources crypto from partner exchanges and access to staking and DeFi protocols to UK and EU residents
. The app is controlled as a bank by the Gibraltar Financial Services Commission. Cast your vote now!Quetzal got the business by trading 20.5 million British pounds($24.9 million)of its own stock to Tap Global investors

in exchange for ownership, and it raised another 3.1 million pounds ($3.8 million )by releasing new shares. These funds will be used to”increase marketing invest and drive international expansion, “according to the press release.Related: Coinbase will cut 20% of its labor force in second wave of layoffs Tap Global CEO David Carr acknowledged that the company’s decision to list on a public exchange” raised some eyebrows,”because it came so right after the

collapse of FTX, at a time when the crypto market is dealing with increased suspicion. However, Tap decided to go through with the listing anyway since it wanted to use a controlled alternative for UK citizens, he stated, adding:”Like any emerging innovation, cryptocurrency has seen its fair share of bad actors affecting market belief. Nevertheless, as firms that have actually disappointed proper care in protecting possessions fall to one

side, the market will develop, leaving totally regulated and accountable companies, such as Tap,

well-positioned to be successful. “Crypto exchange apps have been under increased analysis by regulators and consumers after the collapse of FTX in November. The world’s biggest exchange by volume, Binance, is reportedly under investigation in the United States. Coinbase, the only crypto exchange listed on the New York Stock Exchange, has actually dealt with falling income as trading volumes have decreased. But in spite of these difficulties

in the industry, this current listing by Tap Global shows that some crypto services are still finding success.