Nasdaq Open to Become Cryptocurrency Exchange, CEO says

April 25, 2018

“Nasdaq will be considering becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman says. Nasdaq is open to becoming cryptocurrency exchange, CEO says that once the regulation is smoothed out and the space “matures”, Nasdaq would consider becoming a digital currency exchange. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman says. “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.”

In the meantime, Nasdaq is supporting existing crypto exchanges, and announced a technology deal with Gemini Wednesday. The Nasdaq is supporting existing cryptoexchanges. On April 25, 2018, the company announced a collaboration with cryptocurrency exchange Gemini, founded by early bitcoin investors Tyler and Cameron Winklevoss. The deal gives Gemini access to Nasdaq’s surveillance technology to help make sure the platform provides a fair and “rules-based marketplace,” for their own participants, Gemini CEO Tyler Winklevoss said in a statement. “ICOs need to be regulated,” she said. “The SEC is right that those are securities and need to be regulated as such.” Bitcoin currently on a Bullish trend for 2018, and at this moment in time, up more than 1,300% since last year this time. The cryptocurrency and digital markets are not going anywhere.  The US Securities and Exchange Commission (SEC) launched a cryptocurrency probe earlier this year. The SEC and the Commodity Futures Trading Commission (CFTC) had also held a cryptocurrency hearing that concluded that while ICOs needed stricter regulations, cryptocurrencies needed smart policies to promote innovation.

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SRC: CNBC, CoinTelegraph