The Tel Aviv Stock Exchange (TASE) has announced it will re-vamp its ownership structure and create a crypto platform.
The new platform will enable further cryptocurrency trading to operate similarly to international standards.
The Israeli public stock exchange aims to create a new publicly traded holding company, which will own 100% of the bourse and eventually becoming a private firm. Any subsidiaries of the exchange will be units of the holding company.
TASE has been reportedly given the go-ahead but was waiting for its company shareholders and approval from the regulator before continuing.
As part of the stock exchange's five-year plan, it hopes to focus on organic growth that “brings in foreign investors through the expansion of international products traded and cleared”.
TASE chief executive Ittai Ben Zeev said: “We will leverage our home court advantage in Israel to adopt and develop fintech and position TASE as a hub of services and products”.
Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.