Planet Finance: New York Stock Exchange sets NFT + crypto trading in its sights
NYSE stakes a claim on cryptocurrency + NFT trading: The New York Stock Exchange has filed an application with the US patent and trademark office to provide an online marketplace for non-fungible tokens (NFTs) and cryptocurrencies, which could one day see it compete with NFT marketplaces like OpenSea and Rarible. While the NYSE said it had “no immediate plans” to implement the digital exchange in a statement picked up by Bloomberg, the move suggests that traditional bourses are taking virtual assets increasingly seriously as they look to the future of markets. The New York bourse last year minted its first NFTs with nods to NYSE-listed companies like Spotify, Roblox and Coupang.
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EGX30 |
11,563 |
+1.4% (YTD: -3.2%) |
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USD (CBE) |
Buy 15.67 |
Sell 15.77 |
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USD at CIB |
Buy 15.67 |
Sell 15.77 |
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Interest rates CBE |
8.25% deposit |
9.25% lending |
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Tadawul |
12,351 |
+1.2% (YTD: +9.5%) |
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ADX |
9,135 |
+0.3% (YTD: +7.6%) |
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DFM |
3,279 |
+1.0% (YTD: +2.6%) |
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S&P 500 |
4,471 |
+1.6% (YTD: -6.2%) |
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FTSE 100 |
7,609 |
+1.9% (YTD: +3.0%) |
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Brent crude |
USD 93.28 |
-3.3% |
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Natural gas (Nymex) |
USD 4.38 |
+1.6% |
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Gold |
USD 1,854 |
-0.1% |
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BTC |
USD 44,262 |
+4.2% (as of midnight) |
THE CLOSING BELL-
The EGX30 rose 1.4% at yesterday’s close on turnover of EGP 744 mn (28.6% below the 90-day average). Foreign investors were net buyers. The index is down 3.2% YTD.
In the green: Qalaa Holdings (+7.9%), Sidi Kerir Petrochem (+2.8%) and Ezz Steel (+2.7%).
In the red: Madinet Nasr Housing (-4.1%), Cleopatra Hospital (-1.5%) and Mopco (-0.9%).