TSX Suspends Trading in Mike Novogratz’s Crypto Stock …

TSX suspends trading in shares of Mike Novogratz’s crypto company amid 18% drop in their rate

Exchange of shares of cryptocurrency trading bank Mike Novogratz Galaxy Digital Holdings Ltd. ($ GLXY) on Toronto Stock Exchange was suspended in the morning at 11:25 local time time. Less than per 2 hours before event stock price fell 18.58% – from 1.13 to 0.92 Canadian dollars.

TSX Suspends Trading in Mike Novogratz's Crypto Company ...

According to the press release, bargaining were suspended by as required by the Investment Industry Regulatory Organization of Canada (IIROC). IN quality causes it indicated the following line: “Communication with the company is expected”.

“IIROC can to accept decision on the temporary suspension of trading in a security quoted on exchange company. Suspense bidding is carried out for securing honest and orderly market. IIROC is an a national self-regulatory body that oversees by all investment dealers and trading activity in the debt and stock markets of Canada “, – says the publication.

Other details regarding of this there were no incidents at the time of publication. Mike Novogratz shortly before stopping trades wrote that he is glad opportunities become one of the founders of the association cryptocurrency ADAM business, after which did not give any comments in public sources.

Previously became known, that Galaxy Digital will change its own business model and will be give away preference for institutional clients before ICO- and blockchain-startups.