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NASDAQ May Become a Cryptocurrency Exchange

posted by takyon on Friday April 27 2018, @09:33AM   Printer-friendly
from the www-street dept.
Business Techonomics

An Anonymous Coward writes:

CNBC reports:

Once the space matures, Nasdaq is open to becoming a platform for trading cryptocurrencies like bitcoin, according to the company's CEO.

"Certainly Nasdaq would consider becoming a crypto exchange over time," Nasdaq CEO Adena Friedman told CNBC's Squawk Box Wednesday. "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors."

A key roadblock for the Nasdaq and other institutional investors is regulation, which Friedman said needs to be ironed out before the company would add an exchange. But she was bullish on the future of digital assets.

"I believe that digital currencies will continue to persist - it's just a matter of how long it will take for that space to mature," Friedman said. "Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."

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  • (Score: 2) by c0lo on Friday April 27 2018, @09:48AM (3 children)

    by c0lo (156) Subscriber Badge on Friday April 27 2018, @09:48AM (#672533) Journal

    Crypto currency, the libertarians' coin for their daily needs, the govt can't control or trace it, right?
    Was that how the tale was told or is my memory failing?

    Once it starts to be traded at stock exchange (and packed in derivatives and other investment banksters' bullshit), that's where the next bust may come. And Average Joe will have none of it.

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford

    • (Score: 5, Insightful) by zocalo on Friday April 27 2018, @10:46AM (1 child)

      by zocalo (302) on Friday April 27 2018, @10:46AM (#672541)
      And, once again, this is the business/financial establishment getting in on the crypto-currency action while leaving all the financial risk on the end-user; the price of *your* investment might go up, down, or plummet, they're going to get their slice of the action in account setup and transaction fees either way. They don't care what happens to value of the currencies since for them it's all about the trading volume, and there's nothing that generates more volume than a round of panic selling if it looks like the bubble is going to - or already has - burst. This isn't just a statement of potential intent, it's market research to determine how much interest there is so they can estimate the likely RoI from setting this up.
      --
      UNIX? They're not even circumcised! Savages!

    • (Score: 1, Funny) by Anonymous Coward on Friday April 27 2018, @12:57PM

      by Anonymous Coward on Friday April 27 2018, @12:57PM (#672568)

      Always subvert from the inside.

  • (Score: 0) by Anonymous Coward on Friday April 27 2018, @06:08PM

    by Anonymous Coward on Friday April 27 2018, @06:08PM (#672692)

    so by "mature" you mean "finish being subverted and drained of all idealism by establishment scum"?

  • (Score: 2) by MichaelDavidCrawford on Friday April 27 2018, @09:07PM

    by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Friday April 27 2018, @09:07PM (#672798) Homepage Journal

    Was to enable peer to peer payment with the involvement of a third party...
    ... such as an exchange

    --
    Yes I Have No Bananas. [gofundme.com]
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