April 25th According to the NASDAQ CEO, once the time is right, Nasdaq can become a platform for cryptocurrency transactions such as Bitcoin.
Today, NASDAQ CEO Adena Friedman said in an interview with CNBC that:
"Over time, when we think it's time, when people are ready to accept and move into a more standardized market that can provide investors with a fair trading experience, Nasdaq will definitely consider becoming an encryption. Currency Exchange."
One of the key obstacles Nasdaq and other institutional investors currently face is regulatory issues. Friedman said that before the company becomes a cryptocurrency exchange, it needs to address regulatory issues, but she is optimistic about the future of cryptocurrency assets.
"I believe that cryptocurrencies will continue to exist, and this is just a question of how long it takes to mature. When people think that we want to provide a more standardized market for cryptocurrencies, Nasdaq must Will consider this issue."
At the same time, Nasdaq also provided support for some existing cryptocurrency exchanges.
Today, the company announced cooperation with Gemini, a cryptocurrency exchange founded by bitcoin early investors Tyler and Cameron Winklevoss. Gemini CEO Tyler Winklevoss stated in a statement that the cooperation will enable Gemini to reach out Go to Nasdaq's monitoring technology to ensure that the platform provides its users with a fair and compliant market.
Although Friedman is optimistic about the future of cryptocurrency, she is not optimistic about such financing activities as ICO. She said:
"The ICO needs to be regulated, and the SEC is right about this. They (cryptocurrencies) are securities and need to be regulated."
The US Securities and Exchange Commission cracked down on false ICO behavior this year and said in March that it is seeking to apply applicable securities laws to cryptocurrency exchanges and cryptocurrency wallet companies. Chairman Jay Clayton said that regulators are placing a lot of attention and resources on the supervision of the ICO market.
Bitcoin prices have risen by almost 1300% since last year and have attracted widespread attention from regulators. Since December last year, bitcoin prices have fallen by half and experienced the worst quarters, rebounding to over 9,000 U.S. dollars this week. The high point reached about 9,700 U.S. dollars, an increase of nearly 20%.
For this reason, Golden Financial’s exclusive analysis shows that Nasdaq’s open stance on the cryptocurrency market indicates:
- The world’s stock trading platform has begun to recognize the cryptocurrency market, and the cryptocurrency market is more like a “stock market” and will be incorporated into the Nasdaq’s overall system of securities operations. The cryptocurrency trade will be More compliant and more stable;
- The scale of cryptocurrencies such as Bitcoin and Ethereum cannot be ignored. The consensus on cryptocurrencies, especially the mainstream cryptocurrencies, is shifting from “small circles” to the entire investment community.
It should also be noted that, although it cannot be ignored, the cryptocurrency market has not yet reached a "spatial maturity", ie, it has not reached a sufficient scale. Can it be traded on the Nasdaq, except for regulatory issues, of course, depends on encryption. Whether the consensus in the currency world has risen steadily. We know that large-scale organizations and institutions generally adopt a cautious attitude towards blockchains. This time, it is recognized and embraced by the 47-year-old Nasdaq. It reflects that the cryptocurrency policy is already very clear and stable in the United States.