Nasdaq may become a cryptocurrency exchange

25 April 2018

Nasdaq Speaking to Squawk Box, morning news and talk program on CNBC, Adena Friedman, a CEO of Nasdaq made a suggestion that the exchange may consider future trading of cryptocurrencies on its platform. At the moment, she believes that the key barrier for entering the cryptocurrency market is uncertainty with the regulatory framework, and if the issue is properly addressed, Nasdaq will be able to open a new exchange.

She said: “Certainly Nasdaq would consider becoming a crypto exchange over time. 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.”

So far Nasdaq is making its efforts to provide support to currently operating cryptocurrency exchanges. Today the exchange made a statement about its partnership with Gemini, the world’s first licensed Ether exchange. Under the terms of the deal, Gemini will be able to access surveillance technology of Nasdaq with a view to ensure fair and rules-based marketplace for all participants.

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