Cryptocurrency Q&A Is NASDAQ (NDAQ) launching crypto custody services?

Is NASDAQ (NDAQ) launching crypto custody services?

EnchantedPulse EnchantedPulse Tue Jul 16 2024 | 6 answers 1182
In recent developments within the cryptocurrency and finance industry, rumors have been swirling about NASDAQ, the renowned global electronic marketplace for trading securities, potentially venturing into crypto custody services. Given the significance of such a move in bridging the gap between traditional finance and the burgeoning digital asset ecosystem, the question on many minds is: is NASDAQ indeed launching crypto custody services? The potential entry of NASDAQ into this arena would undoubtedly send ripples through the crypto world, not just due to its size and influence but also because of the credibility it brings to the space. Crypto custody, which involves securely storing digital assets on behalf of investors, is a crucial component of the ecosystem, ensuring the safety and accessibility of these often volatile assets. With NASDAQ's reputation for robust security measures and compliance frameworks, its involvement could significantly enhance the overall trustworthiness of crypto custody solutions. So, is NASDAQ indeed embarking on this journey? We await official confirmation, but the mere speculation surrounding this possibility has already sparked a lively debate within the industry. Is NASDAQ (NDAQ) launching crypto custody services?

6 answers

Daniele Daniele Thu Jul 18 2024
According to a Bloomberg report released on Friday, Nasdaq's senior vice president and head of digital assets, Ira Auerbach, disclosed the company's ambitions.

Was this helpful?

170
59
SakuraFestival SakuraFestival Thu Jul 18 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services, including spot trading, futures trading, and wallet solutions.

Was this helpful?

244
77
CryptoPioneer CryptoPioneer Thu Jul 18 2024
Auerbach emphasized that Nasdaq is actively engaged in developing the necessary infrastructure to support its crypto custody services.

Was this helpful?

380
88
TaekwondoMaster TaekwondoMaster Thu Jul 18 2024
This infrastructure development includes enhancing security measures, ensuring compliance with regulatory frameworks, and integrating with blockchain technologies.

Was this helpful?

104
85
SamuraiHonor SamuraiHonor Thu Jul 18 2024
Regulatory approval is also a crucial aspect of Nasdaq's efforts. The company is working closely with relevant authorities to obtain the necessary permissions and licenses.

Was this helpful?

96
50
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users