Nxchange (stylized as nx’change) is a Dutch stock exchange, that is headquartered along the Herengracht in Amsterdam. Founded in 2015, it is one of three stock exchanges operating in the Netherlands.[4]
Trading
According to CEO Marleen Evertsz, Nxchange is aimed at companies with a large following that wish to raise funds.[4] They can list stocks, stock certificates, bonds, and funds on the exchange without a minimum issue amount.[4][5] Investors are able to buy and sell stocks 24/7 without a broker and can upload reports with financial analyses on the Nxchange platform.[4][5]
Nxchange B.V. was founded by Marleen Evertsz in February 2015, and the stock exchange opened for trading on April 14, 2016.[6][7]Charging infrastructure provider Fastned was the first company listed and managed to raise €3 million during the first month by issuing stock certificates.[8] The stock exchange did not succeed in attracting more companies in its first year.[9] Nxchange received a Golden Bull in 2016 in the category "best investment innovation".[10]
The company was granted a license to operate as a multilateral trading facility in August 2018 by the Authority for the Financial Markets. It was previously classified solely as a regulated market.[11][12] In December, Nxchange and Rabobank announced a cooperation called "Rabo&Crowd", allowing companies to raise money partly by borrowing from the bank and partly by issuing bonds on Nxchange.[13][14] Several smaller companies have issued bonds using Rabo&Crowd in the subsequent years.[15]
In June 2019, Fastned started a listing on the larger stock exchange Euronext, but its certificates remained tradable on Nxchange. However, it was possible to convert the stock certificates.[16] Later that year, a number of startups selected by Startupbootcamp jointly issued share certificates on Nxchange under the name "SBC Fintech Amsterdam 1921".[17]