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Norwegian Block Exchange is probably the most undervalued crypto stock out there at just $15M market cap.
EMI licence + MiCA path + regulated custody + USDM minting rights in Europe.
Not just an exchange, but a regulated crypto + stablecoin infrastructure layer.
If stablecoin adoption in Europe scales, NBX sits in the flow.
A $1.5B valuation (100x upside) would still be just ~3.5% of Coinbase’s market cap.