CEO of NASDAQ Would Consider Offering Regulated Cryptocurrencies

The CEO of the NASDAQ, the second-largest exchange in the world by market capitalization, announced that it would consider adding cryptocurrency to its offerings alongside traditional securities.

"Over time when people are ready for a more regulated market and people are ready for a more fair experience for investors the NASDAQ would consider becoming a crypto exchange."

That being said, according to Friedman, the crypto space is still too immature for such a move.

Cryptocurrency is in its "Early implementations" and is still experiencing a "Big hype cycle."

Friedman also believes that digital currencies are here to stay, it is "Just a matter of how long that space will take to mature" before they can offer crypto to the public.

Friedman was emphatic in expressing that the regulatory environment needs to mature before the NASDAQ would move into crypto.

The NASDAQ's partnership with Gemini, the 28th largest cryptocurrency exchange by Bitcoin trading volume, further strengthens the credibility of the crypto space.

"ICOs to me really do need to be regulated. I do believe the SEC is right that those are securities offerings and they need to be regulated as such."

That said, the faster cryptocurrencies become regulated and compliant with US law the faster cryptocurrencies will become accessible to the public through traditional trading channels such as the NASDAQ. Did you like this article? Join us.

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