Nasdaq will consider becoming a crypto exchange overheen time spil regulation improves.
“Certainly Nasdaq would consider becoming a crypto exchange overheen time. If wij do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair practice for investors.”
While Friedman believes that the very volatile area of Independent Coin Offerings (ICOs) is ter need of stricter regulations and that the SEC needs to proceed its crackdown on fraud, she is very bullish on the future of cryptocurrencies. “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,” Friedman said. “Once you look at it and say, ‘do wij want to provide a regulated market for this?’ Certainly, Nasdaq would consider it.”
Te the meantime, Nasdaq is supporting existing crypto exchanges and announced a technology collaboration with Winklevoss-led Gemini on Wednesday. This overeenkomst gives Gemini access to Nasdaq’s investor surveillance and compliance technologies to help create a fairer marketplace for its users. According to the press release, Nasdaq’s senior VP Valerie Bannert-Thurner believes the collaboration is an titillating use of Nasdaq’s market technology.
“Being regulated by the Fresh York State Department of Financial Services (NYSDFS), Gemini is held to the utmost standards te terms of haber reserve requirements. This is a major milestone te the application of SMARTS and an significant indicator of our commitment to expand the use of our market technology into non-traditional marketplaces, spil well spil fresh frontiers beyond the caudal markets.”
This news drops shortly after several major institutional investors announced plans to budge fully into cryptocurrency investing, including venture hacienda powerhouse Andreessen Horowitz and the fund tied to famous billionaire investor George Soros.