Nasdaq may become a Crypto Exchange according to CEO
Nasdaq CEO Adena Friedman told CNBC on Wednesday that “Nasdaq would consider becoming a crypto exchange over time”
According to Adena, Nasdaq would be open to having a crypto exchange platform for trading cryptocurrencies like Bitcoin once this space becomes mature and the regulations are in place which is a major roadblock for Nasdaq and other institutional investors.
She told CNBC:
“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.”
She also told that Nasdaq is providing its technology to Gemini which is a crypto exchange, founded by the Winklevoss twins. This technology will help monitor trading manipulation.
She says that the cryptocurrency space is a pretty immature right now and that it is going through the classic product cycle, where there is early implementation and then a big hype cycle and now we are seeing the maturing of the space.
She seemed bullish on cryptocurrencies and said that she believes digital currencies will continue to persist and its just a matter of how long will it take for the space to mature.
Also, Talking about ICO’s she stated that:
“ICO’s need to be regulated” and that “The SEC is right that those are securities and need to be regulated as such.”
We are seeing more and more traditional investors jumping on the cryptocurrency bandwagon, it is only a matter of time where there will be infrastructure built by mammoths like Nasdaq to facilitate these investors.
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