HIVE Blockchain Announces DTC Eligibility and Commencement of Trading on OTCQX

HIVE Blockchain Technologies (TSXV:HIVE) announced on Monday that it has qualified for trading on the OTCQX Best Market and will trade under the symbol HVBTF effective February 11, 2019.

As quoted in the press release:

“Upgrading to the OTCQX is an important event for the Company.” said Frank Holmes, Interim Executive Chairman. “The OTCQX equips HIVE with better liquidity and exposure for existing and future U.S. investors as we continue our long-term strategy to enhance shareholder value. HIVE is an industry leader among publicly traded blockchain infrastructure companies and trading on OTCQX in the U.S. provides investors with an opportunity to participate in the long-term potential of blockchain and to invest in a stock that is highly correlated to the price movements of cryptocurrencies like Bitcoin and Ethereum.”

The OTCQX Market is reserved for established, investor-focused U.S. and global companies that meet high financial standards, provide timely news and disclosure to investors, and are sponsored by a professional third-party advisor.

“We are pleased to welcome HIVE Blockchain Technologies to our OTCQX Best Market,” said Jason Paltrowitz, Director, OTC Markets Group International Ltd. and EVP, Corporate Services, OTC Markets Group. “HIVE Blockchain joins a robust roster of Canadian companies that benefit from cross-trading their shares and providing a premium market for accessing U.S. investors. We look forward to supporting HIVE Blockchain as the company builds long-term shareholder value.”

The Company will continue to trade on the TSX Venture Exchange (TSX-V) under its existing symbol “HIVE”.

HIVE is also pleased to announce that it has secured eligibility by The Depository Trust Company (“DTC”) for its common shares which trade on the OTCQX in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of HIVE to be distributed, settled and serviced through DTC’s automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities. DTC services provide cost benefits for investors and brokers trading Canadian securities in the United States.

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