Cryptocurrency Trading Coming to NASDAQ
Nasdaq Inc. (NASDAQ:NDAQ) declared Wednesday that is is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves, the head of the exchange operator said.
The view that cryptocurrencies, such as Bitcoin will be a future way to support commerce is becoming more mainstream, Nasdaq’s CEO, Adena Friedman, said in an interview following the announcement of better-than-expected Quarterly earnings.
Currently, Bitcoin is trading at: $9,015.8447, -414.15, or -4.39%, as of 8:34p BST, the market is open
But the virtual currencies are still very lightly regulated. That is part of the appeal to many early adopters but would have to change in order for Nasdaq to operate a cryptocurrency exchange, she said.
“Over time, if it ultimately does morph into a regulated environment, it does give us an opportunity to participate as a marketplace, but I think that is a longer road and it doesn’t have a certain path right now,” she said.
Nasdaq is exploring deals with several virtual currency exchanges to provide market infrastructure technology for trading and clearing, as well as surveillance, she said.
Wednesday the firm announced a surveillance deal with Gemini Trust Company to monitor cryptocurrency trading on its exchange for potential market manipulation and fraud.
Nasdaq’s net income in Q-1 rose to $177-M, or 1.05/share, from $168-M, or 99/share, a year earlier, helped by a volatility-driven rise in trading volumes.
|NASDAQ:NDAQ||86.04||25 April 2018||-0.21||86.32||87.93||85.94||374,281|
|HeffX-LTN Analysis for NDAQ:||Overall||Short||Intermediate||Long|
|Bullish (0.34)||Neutral (0.23)||Bullish (0.41)||Bullish (0.39)|
Join the Channel Now, Click Here
Transparent Exchanges are the Future of Bitcoin
There is no doubt some CryptoCurrencies with fail, some will be scams, and some will live on to change the very nature of money and wealth, no wonder the old dudes are scared.
CryptoCurrencies is not about Tax Evasion or Money Laundering, real hardcore fundamental CryptoCurrency Exchanges like G-BiT have seriously tackled the Money Laundering and Tax issues, that’s why they have such a bright future. While the Establishment still wants you to be hit with heavy fees and delays sending money around the world the reality is that is legalized theft built in to the Banking Sector and is not a product of cost or reality, CryptoCurrencies have proven that!
To view the HeffX-LTN archive on Bitcoin, click here.
Latest posts by Paul Ebeling (see all)
- Gold Prices Continue to Drive North - June 24, 2019
- Canopy Growth (NYSE:CDC) Stops Buying Small Marijuana Producers - June 24, 2019
- Wall Street: “Sanders Student Debt Plan Could Bring More Pain” - June 24, 2019