Nasdaq CEO shows himself interested in cryptocurrencies while banks do not. This is the setting that is present at the moment in USA since he did declare the Nasdaq company could open an exchange for cryptocurrencies in the near future.

During an interview held by CNBC, Adena Friedman, Nasdaq CEO, expressed her personal openness to this idea. She declared:

Certainly Nasdaq would consider becoming a crypto exchange over time. If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors… 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. Once you look at it and say, ‘do we want to provide a regulated market for this?’ Certainly Nasdaq would consider it.

Obviously, Nasdaq will not launch this tpe of a service soon but what should be known is that the company is actually familiar with the technology. It did establish itself as a home for many ETFs that are blockchain focused, together with public companies that do have such a technology focus. At the same time, there is a strong working relationship between Nasdaq and Chain, a blockchain startup.

There are reports that state Nasdaq is working on various technology applications, with patents being filed.

On the whole, as banks feel threatened by cryptocurrencies, which is definitely normal since the entire idea of a digital currency takes power away from such financial institutions, Nasdaq is looking ahead and it wants to be at the storefront of a possible mass adoption of blockchain technology.

Leave a comment