Is Nasdaq going to introduce cryptocurrencies?

Is Nasdaq going to introduce cryptocurrencies?

Nasdaq CEO has recently been making some comments that suggest they are very much open to becoming a cryptocurrency exchange. If this would happen, we are in for a wild ride. Mainstream adoption of crypto is crucial for its survival in its current form.

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  • Nasdaq CEO Adena Friedman has made a few interesting comments on how they could adapt to cryptos. If Nasdaq would become a crypto exchange it would be a game changer for whole industry

  • Adena Friedman also believes that cryptocurrencies will continue to exists and that the market needs time to mature. 

  • Both Friedman and many other in the top of the food chain is making it clear that the unregulated market is a huge problem from a safety perspective, demanding more regulation to be put in place. 

Is the cryptocurrency market nearing mainstream breakthrough?

We are all excited to see how the regular world will adapt to cryptocurrencies, so far it’s a bit early to say. Some large companies are adopting to crypto while other seem unbothered. One thing is for sure though, most agree that cryptocurrencies and blockchain technology is here to stay.

That being said, having crypto accepted by and adopted for the mainstream is crucial for its survival in its current format.

Nasdaq CEO talks about becoming a cryptocurrency exchange

Very recently Nasdaq CEO has made a few interesting comments relating to listing cryptocurrencies.  Could Nasdaq be on its way to becoming a crypto exchange? “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman has recently told CNBC

Friedman has also said that “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,”

Nasdaq is already working with a cryptocurrency exchange

It does not come as a surprise that Nasdaq is positive about cryptocurrencies. They are already working together with Gemini to provide technology for the Gemini users. Could this be a first step in adopting cryptocurrencies on the Nasdaq platform?

It should also be made clear that while Nasdaq is indeed positive about the crypto future they are also concerned about shady ICOs and other scams related to cryptocurrencies.  She has in a statement said that all ICOs need to be regulated.

If you want to trade cryptocurrencies today you can use a regulated company, however, the cryptocurrency market remains highly unregulated. This is a problem. Many wallets and ICOs are straight up scams. If the market is to be accepted by the mainstream it needs to become a lot safer.