Nasdaq Is Planning To Legitimize Cryptocurrency And Blockchain Technology
During a secret meeting at the end of July 2018 American stock exchange Nasdaq, the second-largest exchange in the world by market capitalization, discussed the question on encouraging the crypto industry. Nasdaq wants to show that cryptocurrency can improve its reputation and prove its potential and even somehow essential role in worldwide markets.
In May 2018 CEO of Nasdaq Adena Friedman mentioned that she strongly considers that cryptocurrency and blockchain can be and will be the future of financial system. She urged that blockchain technology and cryptocurrency can make the amendments in the system and her company is ready to follow the revolution.
Friedman said that the company is thinking over the idea of cryptocurrency forward transactions. As per Friedman, they want to be confident that they are setting the right protocols and that there is sufficient demand.
The CEO didn’t want to mention which partner she meant exactly, but NASDAQ is partnering with many exchanges and aims to get support regarding the issues discussed at the meeting in July 2018.
According to the interview given in April, Friedman indicated Nasdaq was open as a cryptocurrency exchange and was aimed at trading digital currencies like bitcoin.
A considerable problem hindering Nasdaq and other institutional investors to join the crypto world is a normative framework. The lawmakers will have to solve this issue before initiating any development.