Nasdaq, one of the world’s leading stock exchanges, has stated that institutional interest in cryptocurrency remains steady, as it plans to expand into custody and trading services for digital assets.
In a recent interview, Nasdaq CEO Adena Friedman confirmed the company’s interest in the cryptocurrency market and stated that institutional appetite for digital assets remains strong. She also highlighted the need for regulation and investor protection in the cryptocurrency industry.
To cater to this demand, Nasdaq is reportedly exploring options to provide custody and trading services for cryptocurrencies. The company is already involved in the cryptocurrency market through its partnership with crypto exchange Gemini, which uses Nasdaq’s market surveillance technology.
Nasdaq’s move into custody and trading services for cryptocurrencies is a significant development, as it could provide greater legitimacy and access to the digital asset market for institutional investors. It could also bring increased liquidity and stability to the market.
However, the cryptocurrency market remains highly volatile, and investors should conduct thorough research and exercise caution when investing in digital assets.
Overall, Nasdaq’s interest in the cryptocurrency market and its plans to expand into custody and trading services are a positive sign for the industry, as it continues to attract institutional investment and mainstream adoption.