By Anastasia Samaras
We’re excited to announce that BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused company, has announced its approval to list its Series V Preferred shares (“Series V”) on Upstream, a MERJ Exchange market. Trading on Upstream will become available on June 29, 2023, at 10:00 am ET under the ticker symbol ‘BTCSP’.
BTCS has been a pioneer in the blockchain industry and has consistently demonstrated its commitment to innovation. The decision to list on Upstream is a natural extension of this commitment and reflects the Company’s belief in both Ethereum and the potential of decentralized technologies to bring innovation to traditional financial markets.
The Series V listing on Upstream is designed to provide BTCS the opportunity to access a global, digital-first investor base outside the U.S. that can trade using USDC digital currency along with credit, debit, PayPal, and USD; thus expanding our shareholder base and unlocking additional liquidity.
“We are excited to leverage the power of Ethereum to unlock new opportunities and reach new audiences,” said Charles Allen, CEO of BTCS. “Upstream represents the next generation of financial platforms, and we believe that listing our Series V shares on Upstream should help drive growth and value for our shareholders.”
Details on BTCS’s Series V listing, deposit and trading instructions, and how to claim the free commemorative NFT can be found at: https://www.btcs.com/seriesv/.
How to get ready for a dual listing on Upstream
Global investors can get ready to trade by downloading Upstream from their preferred app store at https://upstream.exchange/, creating an account by tapping sign up, and completing a simple KYC identity verification by tapping the settings icon on the home screen and tapping KYC.* Reviews typically take within 48 hours, Monday through Friday.
Upstream dual listing advantages
Upstream’s goal is to become a premiere global trading hub giving exchanges and issuers exposure to digital-first investors around the world.
1. Access to an advanced global trading app
As a MERJ Exchange market and the first exchange to be powered by a blockchain, Upstream features an accessible trading app with simple sign-up, real-time trades, and a transparent orderbook that actively prevents market manipulation.
Trading pairs are quoted, traded, and immediately settled exclusively against the exchanges’ U.S. dollar stablecoin, which is backed 1-for-1 with users’ deposits of fiat currency. And, notably, Upstream does not sell its client order flow.
2. Web3 investor engagement tools
Upstream offers a streamlined bridge into Web3 to grow digital reach. Engage investors with digital coupons (NFTs) redeemable for products and experiences to build shareholder loyalty, capture new customers, and create ongoing sales locally and globally.
3. Expanded reach to today’s digital-first investor
Today’s issuers are looking to dual list for many reasons including increased liquidity potential, increased access to capital, and expanded trading hours as exchanges may operate in different time zones.
Dual listing on Upstream offers these same benefits while giving the unique ability for Upstream investors to purchase shares using digital currency in the form of the USDC stablecoin, credit, debit, PayPal, and traditional bank payments. This modernization of payment methods aims to widen the investor pool giving issuers access to a global, digital-first investor base and enabling issuers to reach new shareholders internationally and enhance price discovery.
Upstream enables direct and expanded market access 5 days a week, 20 hours a day with real-time trading available right from investors’ smartphones. Upstream aims to expand a global trading ecosystem where efficiency, fairness, and accessibility are enforced by blockchain technology.
Issuers interested in the opportunity to access a global, digital-first investor base and enhance price discovery can apply to get listed at: https://upstream.exchange/GetListed or reach the team at firstname.lastname@example.org.
This communication shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.
NFTs have no royalties, equity ownership, or dividends. NFTs are for utility, collection, redemption, or display purposes only. Anyone may buy and sell NFTs on Upstream.
*U.S. or Canadian-based citizens or permanent residents may only deposit, buy, or sell securities on Upstream after being introduced by a licensed broker-dealer. Note that U.S. or Canadian-based investors include those U.S. or Canadian citizens who may be domiciled overseas. All orders for sale are non-solicited by Upstream and a user’s decision to trade securities must be based on their own investment judgement. Anyone may buy and sell NFTs on Upstream.
This communication contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.