Nasdaq confirms its intention to become a crypto-bourse

Adena Friedman, the seasoned CEO of Nasdaq Inc. , the US Stock Exchange, said at the Bloomberg Invest Summit in New York that cryptocurrencies were at the "height of a cycle of over-media" and can become an "essential strategic and financial element". She emphasized the Nasdaq's involvement in the fast-changing Blockchain sectors and the crypto-currencies that are the flagship of a technological revolution and are taking and will continue to grow.

https://youtu.be/VWPM4mqL0z8

Friedman is confident about creating a crypto-stock exchange

Nasdaq Inc. has released excellent quarterly results. The CEO and Chief Executive Officer of the US Stock Exchange has expressed his strong interest in cryptocurrencies and Blockchain. Process steps of transformation of Nasdaq in a crypto-purse. (marketplace for crypto-currencies) been brought to light.

While some governments around the world are trying to dissuade the adoption of digital currencies and Blockchain ( sometimes to no avail ), others are realizing their significant benefits. Emerging technologies are potentially able to overcome exchange rate hurdles, facilitating cross-border transactions.

A research-driven approach

Nasdaq is studying crypto-currencies and Blockchain to determine when the company should become involved in the industry.

"Digital currencies are able to become an income generator on the internet even though they represent a very speculative asset class. The Blockchain could be presented as a disruptive technology in the long run, "says Friedman.

"However, the fascinating technology of the Blockchain would be harder to implement because it requires an entire network to deploy simultaneously. But I think it's something that, over time, could also be really a very interesting force in our business, "she added.

"Cryptocurrencies do not necessarily have a fundamental purpose in terms of international trade. Also, the current situation is unfavorable for Bitcoin and some altcoins. But this scenario could eventually change one day, "said the Nasdaq CEO on a confident note.
Like many other technological breakthroughs, virtual currencies remain an evolving digital market in the same way that the internet and smartphones have changed the global market forever.

Compared to the regulation of the industry, opinions are shared within the crypto-community. While this may seem to be justified from the point of view of novice investors, others argue that regulation should be more flexible.

In the meantime, Friedman recognizes the self-regulatory efforts of cryptocurrency trading platforms.

"What we're seeing, which I think is very encouraging, is that a lot of crypto-exchanges are trying to become more self-regulating, so they have fair market rules, they have good technology, good monitoring. We are the technology provider for some of the cryptocurrency trading platforms, and we continue to provide our monitoring technology and market technology to these companies. "

The time will come for the Nasdaq to invest in the cryptocurrency market as a trading platform .

"The Nasdaq is definitely considering becoming a cryptocurrency exchange later," Friedman concludes.

What do you think of the possible launch of Nasdaq in the virtual currency industry? Tell us in the comments section below.