Forget the fact that the value of Bitcoin as well as other major digital currencies, fell on the 25th of April. The cryptocurrency market is purely legit. The CEO of Nasdaq – Adena Friedman reminded crypto investors of how legit the crypto market is in an interview she had with CNBC on April 25.
Nasdaq Lends More Confidence to the Market
Bitcoin, as well as other cryptocurrencies, are much more than a new market trend. Digital currencies are new currencies and payment methods. As a result of this, a lot of investors have decided to go into the cryptocurrency market. Nasdaq greatly supports this notion.
Mrs. Friedman said she believes that cryptocurrencies will keep trending in the market, but the only issue is how long it will take for the maturity of that space. Nasdaq is already providing support for existing cryptocurrency exchanges. On the 25th of April, Nasdaq announced a collaboration with Gemini – a crypto exchange which was founded by early Cameron and Tyler Winklevoss (early bitcoin investors).
Nasdaq’s Partnership with Other Firms
In the last couple of months, the company partnered with Reality Shares and ETF firm based in San Diego to launch two blockchain-related funds. The CEO of Reality Share – Eric Ervin said if they were to rank interest in digital currencies on a scale of 0-10, Mrs. Friedman would be ranked six.
Ervin said Friedman would help get the Security and Exchange Commission comfortable with the trading of digital currencies. The comment of Mrs. Friedman does not mean that the company has a mechanism of digital currency exchange in the works. The company does not.
However, what the company has in the works is a Bitcoin futures contract. Foreign securities exchanges are considering making digital currencies tradable. The Moscow Stock Exchange (MSE) said they were creating a platform that will enable trading immediately the regulations are set.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.