Cryptocurrency Q&A
What replaced OTCBB?
What replaced OTCBB?
ZenHarmony
Mon Aug 26 2024
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5 answers
1020
Can you please elaborate on the successor to the OTCBB, the Over-the-Counter Bulletin Board? I'm curious to know what platform or system has taken its place in terms of facilitating the trading of over-the-counter securities. I understand that the OTCBB was a popular venue for trading penny stocks and other low-priced securities, but with its eventual demise, I'm interested in learning about the new avenues that investors have to explore for these types of assets. Additionally, I'd like to know if there are any notable differences or advantages between the OTCBB's successor and the original platform.
5 answers
CryptoLordess
Wed Aug 28 2024
Shell companies, often characterized by their lack of significant assets or operations, find the OTCQB to be a viable option for fundraising and capital formation. They can leverage the platform to connect with investors and potentially secure funding for future endeavors.
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SumoStrength
Wed Aug 28 2024
Penny stocks, known for their low prices and high volatility, also thrive on the OTCQB. The absence of strict financial thresholds enables these stocks to maintain their presence on the marketplace, attracting investors seeking high-risk, high-reward opportunities.
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Sara
Wed Aug 28 2024
The OTCQB marketplace has emerged as a pivotal platform for trading over-the-counter (OTC) securities that are subject to U.S. regulatory oversight. It stands as a notable successor to the OTCBB, effectively usurping its position as the primary market for such securities.
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Raffaele
Wed Aug 28 2024
Small foreign issuers, facing challenges in accessing more established exchanges due to size or other constraints, often turn to the OTCQB as a gateway to the U.S. capital markets. The platform's accessibility and regulatory oversight provide a suitable environment for these companies to raise funds and expand their operations.
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SamsungShineBrightness
Wed Aug 28 2024
The OTCQB's allure lies in its flexible nature, devoid of stringent minimum financial criteria. This lack of barriers allows a diverse range of entities, including shell companies, penny stocks, and small international issuers, to gain access to the market and engage in trading activities.
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