THELOGICALINDIAN - Adena Friedman the CEO of Nasdaq says the aggregation is absorbed in acceptable a cryptocurrency barter belvedere Nasdaq is the secondlargest banal barter in the apple in agreement of bazaar assets The aggregation is the latest in a bulk of institutional investors attractive to access the beginning cryptocurrency market
The Nasdaq CEO said that the aggregation would accede creating its own cryptocurrency barter account in the future. She fabricated this accepted during an interview with CNBC on Wednesday, 25 April 2018. Friedman additionally said that the aggregation would anxiously appraise the bazaar to actuate the activity of such a move.
She added went to accurate bullish sentiments about the market, adage that:
Nasdaq is set to barrage its own bitcoin futures trading ancient in the aboriginal bisected of 2018. The aggregation has additionally invested in abounding blockchain-based enterprises.
Friedman, however, articular cryptocurrency regulations as a above albatross to such a plan. The crypto bazaar is mostly able and it is a bearings that prevents abounding institutional investors from putting up disinterestedness in the market. According to the Nasdaq CEO, able regulations charge be put in abode aboriginal afore the aggregation can move in.
ICOs are a above breadth of affair for Freidman, who believes them to be securities. Thus, she agrees with the SEC that ICO tokens should be beneath the ambit of balance law. The SEC has been animated a bright spotlight on ICOs in 2018. Jay Clayton, the SEC administrator says that the Commission is devoting a lot of assets to its blank of the ICO market.
In a accompanying development, Gemini has struck a partnership with Nasdaq to action crypto trading fraud. The affiliation will see Nasdaq use its SMARTS software to adviser the Gemini belvedere to anticipate artifice and manipulation. The software will adviser the platform’s bitcoin trading as able-bodied as its circadian bitcoin bargain process.
Commenting on the partnership, Cameron Winklevoss, the admiral and co-founder of Gemini said that:
The affiliation is allotment of an advancing trend that is introducing added adherence to best practices in a bazaar that has abundantly been able appropriately far. Gemini is one of 13 cryptocurrency barter platforms that received a letter from the New York Attorney General. The purpose of the letter was to investigate the safeguards actuality put in abode adjoin crypto trading artifice and abetment on these barter platforms.
What are your thoughts on a Nasdaq cryptocurrency barter platform? Will it be able to attempt with giants like Binance and Coinbase? Let us apperceive your angle in the animadversion area below.
Image address of Forbes, Flickr/Naoki Nakashima
