Nasdaq Talks Over the Future of Crypto in Private Meeting

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Nasdaq Talks Over the Future of Crypto in Private Meeting

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Unconfirmed reports indicate that Nasdaq held a closed-door meeting with half a dozen various companies this weekend in order to discuss amongst other topics, the integration of cryptocurrency into global markets.

That the individuals behind the second largest stock exchange in the world (by market capitalization) should be discussing cryptocurrency at this stage is not surprising. Earlier this year the exchange suggested that it could foresee opening its own cryptocurrency exchange in the future.

During an interview with CNBC, Nasdaq President and CEO Adena T Friedman raised the idea that Nasdaq would consider venturing in the crypto sector. She remarked:

“Certainly, Nasdaq would consider becoming a crypto exchange over time…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.”

The companies at this particular meeting were said to included prominent cryptocurrency firms such as the Winklevoss owned Gemini Exchange. The brothers appearing just days after their ETF proposals being rejected at the SEC.

Blomberg attempted to get further details but Nasdaq simply verified the meeting. However, the unnamed source suggested that topics discussed included regulation and tools to measure the development of the industry and the likelihood of the members at the meeting having further discussions soon.

Larger institutions have been far more prominent in discussing the cryptocurrency industry this year and banking institutions on Wall St are at various stages in addressing where to position themselves in the market. Of which, some of them like the Goldman Sachs have taken a proactive stance in this regard.

CNBC’s Brian Kelly suggests that the addition of the New York Stock Exchange (NYSE) and Goldman Sachs to the crypto status quo will cause the market to surge. Nasdaq President Freidman suggests waiting for cryptocurrencies to “mature,” but other major exchanges around the world are clearly thinking of making the move early.

Earlier this year Freidman said of cryptocurrencies

“I think the technology is fascinating and it’s a very sound technology. It’s just a matter of making sure that the community is all-embracing it together.”

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