Nasdaq Is Open To Becoming A Crypto Trading Platform

Adena Friedman, the CEO of Nasdaq stated that the stock market could definitely become a great platform for trading cryptocurrencies in the near future, but will only be possible if the market is regulated, reports from CNBC’s Squawk Box noted.

In an interview, Friedman said, “certainly Nasdaq would considering become a crypto exchange over time.” And that cryptocurrencies “Will continue to persist.” And once regulations have set in, “It’s time, people are ready for a more regulated market, for something that provides a fair experience for investors,” Friedman continued.

“Nasdaq has already entered the crypto sphere, as earlier today the stock exchange and the Gemini crypto exchange owned by tech investors the Winklevoss twins announced a partnership. Gemini will be able to use the Nasdaq’s SMARTS Market Surveillance Technology to alert the exchange to suspicious trade behavior, potentially preventing market manipulation.” Cited Cointelegraph.

Adding to her statement top NBC, Friedman believes Initial Coin Offerings (ICO) to be securities, something that is much debated in the crypto world.

“ICOs need to be regulated. The SEC is right that those are securities and need to be regulated as such.”

The US Securities and Exchange Commission (SEC) launched a digital currency test recently. The SEC and the Commodity Futures Trading Commission (CFTC) had likewise held a cryptocurrency that presumed that while ICOs required stricter directions, cryptocurrencies required shrewd strategies to advance development.