FansUnite is currently trading on the OTCQB Venture market, but moving up to the OTCQX can help enhance the visibility and accessibility of the stock to US investors. Some funds or bank investors are prohibited from trading on markets geared towards smaller stocks like the OTCQB Venture, so getting uplisted can make the stock accessible to big investors. This can potentially create a lot of trading volume for the stock.
As a result of the uplisting, FANS will no longer trade on the OTCQB Venture market, although it will continue to trade on the Canadian Securities Exchange.
Moving up to the OTCQX can help enhance the visibility and accessibility of the stock to US investors.
To make it onto the OTCQX, companies must meet a number of requirements. They must not be a penny stock or a shell company. The company must also meet either SEC reporting standards, Regulation A standards, or an alternative reporting standard. To get on the OTCQX, you even need a Letter of Introduction from an OTCQX sponsor. FansUnite has met all these standards and more.
This uplisting comes after FANS launched a handful of new features and partnerships last month. In May, FansUnite completed the integration of CoinsPaid onto their system, providing users with cryptocurrency payment services and personalized wallets, allowing users to use Bitcoin, Dogecoin, Ethereum, Litecoin, Bitcoin Cash, and Tether.
This uplisting comes after FANS launched a handful of new features and partnerships last month.
They also entered into a brand partnership with Cash Live, a free-to-play mobile gaming app that features daily live-streamed poker game shows which pay out real cash to its winners. Cash Live now includes FansUnite branded live games on their platform. FansUnite also entered into a licensing agreement with Money Line Sports.
FansUnite has been signing big partnerships and now, with their uplisting, they are increasing their visibility and access with investors.
Following today’s news, FansUnite shares are up 10 cents and are currently trading at $1.11.
Full disclosure: FansUnite Entertainment is an Equity Guru marketing client.