Valereum buys Gibraltar Stock Exchange to create crypto hub


FILE PHOTO Representations of the Ripple Bitcoin Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture February 14 2018. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - Blockchain company Valereum said on Friday it would buy 90% of the Gibraltar Stock Exchange (GSX) to create the world's first bourse where shares and cryptoassets can be traded.

Valereum, listed on London's Aquis Exchange, said it will need approval from Gibraltar regulators to allow listed instruments on the GSX access to a regulated pool of crypto capital.

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