Another institutional player is about to get into the crypt. This time NASDAQ, the world’s second-largest stock market – is capitalized. According to its CEO, the company is also interested in becoming a crypto exchange platform.
Speaking at CNBC, Adena Friedman said the company is considering creating its own crypt exchange service. And she expressed her optimism about the market, saying:
“I believe digital coins will continue to exist and it’s just a matter of time to mature that space.”
In addition, during the first half of 2018, NASDAQ will begin offering its own Bitcoin futures platform and will continue to invest in startup around the site.
Friedman also spoke about the big space problem. The lack of regulation. The crypt market has insufficient relevant legislation. This holds apart from many institutional investors who do not want to invest in such a market. For the first time the company moves, there will first have to be sufficient regulations.
That’s why Gemini, the Winklevoss brother exchange recently made a deal with NASDAQ. In this way, it will be able to apply the best practices of global money and its own platform for the purchase of cryptos. This will combat opacity and black money.