Nasdaq CEO’s Endorsement of Crypto May Mean Bigger Future

Nasdaq, the second-largest exchange in the world by market capitalization, is open to becoming a platform for trading cryptocurrencies once the space matures, according to their CEO.

Adena Friedman told CNBC on Wednesday, “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,” adding, “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.”

In the meantime, they are supporting existing exchanges, having announced a collaboration with cryptocurrency exchange Gemini, founded by early Bitcoin investors Tyler and Cameron Winklevoss.


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Eric Ervin, CEO of Reality Shares, told Forbes, “If you were to rank interest in cryptocurrency on a scale of zero to 10, Friedman would be a six. She would help get the SEC [U.S. Securities and Exchange Commission] comfortable with cryptocurrency trading.”

This is another endorsement positively affecting the future of cryptocurrencies. George Soros’ wealth management firm is planning a dip into crypto. Venrock, the Rockefeller venture capital firm, partnered with CoinFund, a crypto assets hedge fund. An investment bank Goldman Sachs reportedly hired crypto trader Justin Schmidt, while another bank Barclays is considering a crypto trading desk.

Also, around one in five institutional financial firms have plans to start buying and selling digital tokens within the next 12 months, according to a survey by Thomson Reuters, an international mass media and information firm, as previously reported.


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Author: Sead Fadilpasic
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