According to the President and CEO of the Nasdaq stock exchange Adena Friedman, cryptocurrencies are currently at the peak of the cycle of maturity of technologies and can become a "financial element of the Internet". This statement she made in an interview with Bloomberg Businessweek.
Answering the question about how Nasdaq relates to advanced technologies and tools like cryptocurrencies, adena Friedman noted that regarding the interest in digital assets and when she is ready to start working with them, the Corporation takes a research-oriented approach.
According to her, we can say that Nasdaq is beginning to understand the nature of cryptocurrencies, which can potentially become a financial element of the Internet.
However, Friedman considers digital currencies to be a" highly speculative asset class " that currently has no application in international trade. At the same time, she suggested that once cryptocurrencies become even more Mature, they will be able to provide a "more efficient way of trading".
The head of Nasdaq added that he does not know which cryptocurrency will be able to provide such an opportunity, but expressed confidence that over time "such a useful property will be formed".
According to her, cryptocurrencies have reached the peak of the technology maturity cycle, and at the moment more players are involved in the industry. Nasdaq, said the head of the company, is also involved in this market, providing a number of crypto-currency exchanges with technical means of observation and market information.
Adena Friedman also touched upon the fundamental blockchain technology, noting that although it has the potential for scaling and can be useful for some markets, it is not yet able to maintain ultra-high trading volumes.
"There is a high degree of inefficiency where instead of automation paper processes are used, where everything is stored in a box, as in the case of non-emission securities. Therefore, we should use the blockchain in private markets with its long cycles of payments," she said.
She also added that in the future blockchain will remain a remarkable technology with revolutionary potential in the long term and which will become "a very interesting tool in our business".
Recall, in April, adena Friedman said that in the future Nasdaq may become a cryptocurrency platform on the regulated market.
Great article, short and sweet. We know they are all scared or finally on board and scrambling to catch up.