Israel Stock Exchange to start trading cryptocurrencies
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The Israel Stock Exchange will start trading cryptocurrencies. The Tel Aviv Stock Exchange (TASE) is launching its crypto marketplace, according to PR Newswire. The five-year plan includes the tokenization of various digital asset classes and smart contracts.
As part of the plan for 2023-2027, TASE management has set targets for an average annual revenue growth rate of 10% to 12% of organic growth. In addition, the exchange plans to transform the ownership structure and intends to consider investments in the blockchain business.
Exchange CEO Ittai Ben-Zeev said the next five years represent a critical window of opportunity for TASE. The exchange plan anticipates market needs and takes the development and management of innovative services and products to a new level.
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