Nasdaq Plans to Open Cryptocurrency Exchange in Future

in #news7 years ago (edited)

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(Source)
Nasdaq, the second-largest exchange in the world by market capitalization could open a cryptocurrency exchange in future if the market becomes sufficiently regulated, said the CEO of the exchange in an interview with CNBC’s Squawk Box on Wednesday, April 25.
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(Source)
Adena Friedman Nasdaq CEO said that

"Certainly Nasdaq would consider becoming a crypto exchange over time."

She also added

"If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors... I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature. Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."

Friedman especially views ICO's as a sphere that seriously needs to be regulated. She said

"ICOs need to be regulated.The SEC is right that those are securities and need to be regulated as such."

Earlier Nasdaq made an agreement with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss to provide its surveillance software,"SMART". "SMART" will be used by Gemini to monitor its market and protect the users from potential illicit trading practices.
Have a look at the interview

https://www.cnbc.com/video/2018/04/25/nasdaq-ceo-seeing-revenue-growth-across-the-entire-business.html

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While it is evident that Nasdaq is not planning a cryptocurrency exchange in near future but the company does have Bitcoin futures contract in pipelines. And I personally feel that Friedman's wording and overall body language about cryptocurrencies were highly positive and it's a big thumbs up for many concerned parties, regulators or investors.

What are your views on this?As always do let me know in comments.

Steem On!!!

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yeah thats a great news for crypto . surely this gonna add some pump to crypto . I mean the positive news :).

Yeah...cryptos are coming....but with regulations.

Is going to be a good one considering the fact that cryptocurrency has come to stay...

Cryptos are here for long term, for sure.


31 may 2018 or Earlier!!!!

#ETC Hardfork coming!!!!!! #Buy#Buy#Buy it. To make 2x profit. @eth_classic

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That is really a revolutionary step... hope so that this project would be completed successfully and it would be more beneficial for the crypto users

I doubt that nasdaq will be opening an exchange anytime some...
But her body language was highly positive...Its a reflection how big multi billion dollar organization's decision makers think about cryptos...

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This post has received a 0.70 % upvote from @drotto thanks to: @flowerfairy.

Thank you for your vote.
I am very happy about this <3

And yes - these news are great too!
"Cryptos stay strong and go ahead!"

Best wishes from the @flowerfairy