Cryptocurrency mining company Argo Blockchain PLC (LON:ARB) today announced the filing of an application with the United States Financial Industry Regulatory Authority (FINRA) for the company’s shares to be cross-traded publicly on the US OTCQB Venture Market. The company’s shares are set to be traded under the ticker ARBKF.

The move is poised to make Argo’s shares more widely available to North American investors.

The company notes that trading on the US OTC market would have no impact on existing Argo ordinary shares trading on the Main Market of the London Stock Exchange and no new ordinary shares will be issued as part of the cross-trade. Argo will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.

If the application is successful, the cross-trading facility will be provided through OTC Markets Group Inc., located in New York. OTC Markets operates the world’s largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Trading on the OTC by an international company offers a positive effect on the liquidity of its shares, Argo says.

Peter Wall, Chief Executive of Argo Blockchain, commented:

“We want to make Argo available to US markets in order to gain access to a broader investor base and enhance our visibility in North America. We are already trading on OTCPK and we anticipate a full OTC listing with wider investor reach in the coming days.”