Cryptocurrency Q&A
Is NASDAQ halting its plans to launch a cryptocurrency custody business?
Is NASDAQ halting its plans to launch a cryptocurrency custody business?
ShintoMystery
Sat Jun 22 2024
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7 answers
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In recent developments, NASDAQ, a global leader in technology-driven markets, had been rumored to be exploring the launch of a cryptocurrency custody business. However, there have been conflicting reports regarding the status of these plans. Could you elaborate on the current situation? Are NASDAQ indeed halting their ambitions to enter the cryptocurrency custody market? If so, what are the main factors behind this decision? Could regulatory constraints, market conditions, or technical challenges have played a role? It would be highly valuable to gain insight into the company's rationale and whether we should expect any changes in their cryptocurrency strategy in the future.
7 answers
Tommaso
Mon Jun 24 2024
Nasdaq, a global leader in electronic trading, had previously expressed interest in exploring cryptocurrency services.
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GwanghwamunPride
Mon Jun 24 2024
However, on Wednesday's Q2 earnings call, CEO Adena Friedman revealed a change in strategy.
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SumoStrength
Sun Jun 23 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures, and wallet solutions.
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Valentina
Sun Jun 23 2024
Friedman stated that Nasdaq is halting its plans to launch a cryptocurrency custody business in the United States.
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Giovanni
Sun Jun 23 2024
This decision comes as the cryptocurrency market continues to face regulatory challenges and uncertainty.
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