The CEO of said that the stock market could become a platform for trading cryptocurrencies in the future, if the market becomes more regulated, reports Wednesday, April 25.
Nasdaq CEO Adena Friedman said during an interview that “certainly Nasdaq would considering become a crypto exchange over time.” Friedman believes that cryptocurrencies “will continue to persist,” the only caveat being the amount of time it will take for the crypto sphere to mature. Once that kind of institutional regulations set in, according to Friedman, Nasdaq can say:
“‘It’s time, people are ready for a more regulated market, for something that provides a fair experience for investors.”
Nasdaq has already entered the crypto sphere, as earlier today the stock exchange and the Gemini crypto exchange owned by tech investors the Winklevoss twins . Gemini will be able to use the Nasdaq’s SMARTS Market Surveillance Technology to alert the exchange to suspicious trade behavior, potentially preventing market manipulation.
Friedman also told NBC that she considers (ICO) to be securities, a point much debated in the crypto world:
“ICOs need to be regulated. The SEC is right that those are securities and need to be regulated as such.”
The (SEC) earlier this year. The SEC and the (CFTC) had also held a cryptocurrency hearing that that while ICOs needed stricter regulations, cryptocurrencies needed smart policies to promote innovation.
Published at Wed, 25 Apr 2018 17:57:14 +0000
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