Shopify has announced its transition from the New York Stock Exchange (NYSE) to the Nasdaq, effective March 31. The Canadian e-commerce platform will remove its Class A shares from the NYSE at the close of trading on March 28, while maintaining its listing on the Toronto Stock Exchange. Although no detailed reasons were provided, a company spokesperson expressed excitement about joining the Nasdaq community. Following a strong Q4 performance, Shopify's market cap has surged to $121 billion, reflecting a 55% increase year-on-year.