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Melanie

Kramer

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The CEO of Nasdaq Inc. states the company is open to listing cryptocurrencies and has tapped US-based cryptocurrency exchange Gemini to use its SMARTS surveillance technology, which monitors real-time activity and raises alerts with operators when it detects unusual trading patterns.

Related movie: Trading CBOE Bitcoin Futures Using Auction Gegevens From Gemini Exchange ethereum btc litecoin


The two key revelations for Nasdaq may indicate a turn ter the direction of cryptocurrencies for the multibillion-dollar institution. Nasdaq rente te trading cryptocurrencies may be a significant step forward for cryptocurrency markets.

Nasdaq Would Consider Becoming a Cryptocurrency Exchange

Speaking to CNBC on Wednesday, April 25, 2018, Nasdaq CEO Adena Friedman confirmed the stock exchange would consider becoming a cryptocurrency exchange. She added that regulatory issues would need to be ironed out very first:

Related movie: BITCOIN COULD INCREASE 40X CAMERON WINKLEVOSS GEMINI EXCHANGE


“I believe that digital currencies will proceed to persist. It’s just a matter of how long it will take for that space to mature. Merienda you look at it and say, ‘Do wij want to provide a regulated market for this?’ Certainly Nasdaq would consider it.”

Friedman appeared bullish on cryptocurrencies, but less wooed by initial coin offerings (ICOs), agreeing with tentative indications from the Securities and Exchange Commission (SEC) that thesis might be classified and regulated spil securities.

Nasdaq is also exploring the provision of bitcoin-based futures and is involved ter a number of blockchain technology projects.

Gemini Teams up with Nasdaq to Protect Against Market Manipulation

Friedman’s comments come on the same day that Nasdaq announced a partnership with US-based cryptocurrency exchange Gemini to use the former’s SMARTS surveillance technology.

Nasdaq Inc. sells its SMARTS software to other market operators, mainly te the entero equities and derivatives markets, and considers itself “the industry benchmark for real-time and T+1 cross-market surveillance platforms.”

Nasdaq has confirmed it is also ter discussions with other cryptocurrency firms regarding the provision of its technology, which monitors real-time activity and raises alerts with operators when it detects unusual trading patterns.

The Gemini exchange wasgoed founded ter 2018 by Cameron and Tyler Winklevoss, becoming the world’s very first licensed Ether exchange. Gemini’s stated goals are to be “regulated, secure, and compliant.”

“Since launch, Gemini has aggressively pursued comprehensive compliance and surveillance programs, which wij believe betters our exchange and the cryptocurrency industry spil a entire,” said Tyler Winklevoss. “Our deployment of Nasdaq’s SMARTS Market Surveillance will help ensure that Gemini is a rules-based marketplace for all market participants.”

Gemini’s daily auction price is used to determine the show of bitcoin futures suggested by Cboe Integral Markets, making the prevention of market manipulation all the more significant for Gemini.

Related movie: Don’t use Coinbase, use GDAX instead to ELIMINATE FEES! The difference inbetween Coinbase & GDAX


Valerie Bannert-Thurner, senior vice voorzitter and head of Risk & Surveillance Solutions for Nasdaq, described the partnership spil “a major milestone ter the application of SMARTS and an significant indicator of our commitment to expand the use of our market technology into non-traditional marketplaces.”

Both developments may indicate a reduction ter the gap inbetween institutional trading and cryptocurrency trading, spil mundial acceptance and adoption leisurely proceed.

Melanie Kramer

Like what you read? Go after us on Twitter @ETHNews_ to receive the latest Nasdaq, Gemini or other Ethereum cryptocurrencies and tokens news.

3 thoughts on “Go after us on Twitter @ETHNews_ to receive the latest Nasdaq, Gemini or other Ethereum cryptocurrencies and tokens news.”

  1. ETF is so hyped right now like it’s the only hope btc has to go up… if that doesn’t work I don’t even want to imagine what could toebijten.

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