Nasdaq officials met with half a dozen companies this week to discuss what it’s going to take to legitimize crypto. The focus of the meeting was what the companies needed to do to improve the image of crypto and the need to validate it’s possible role in the market. Also, Nasdaq is currently working with several companies to help them deal with regulation and what tools and surveillance are required to improve the image of crypto as a viable trading option. All in all this is a good first step for crypto and if anyone can help the exchanges clean house and gain respectability it’s Nasdaq. Good news indeed if you are bullish on crypto.
“I do believe that over time we’re going to find that there is really utility” in cryptocurrencies, Friedman said at a Bloomberg event in June. Nasdaq disclosed this week that it’s supplying technology to five crypto exchanges, including Gemini and SBI Virtual Currencies. It hasn’t named the other three.
Posted by Montu 9:50 AM (CDT)