Is NASDAQ halting its plans to launch a cryptocurrency custody business?
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.