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What are the latest developments in NASDAQ's involvement with digital currencies?

avatarTodf MonroeDec 20, 2021 · 3 years ago3 answers

Can you provide an update on the recent developments regarding NASDAQ's participation in the digital currency space? What initiatives or projects have they been involved in?

What are the latest developments in NASDAQ's involvement with digital currencies?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    NASDAQ has been actively exploring opportunities in the digital currency sector. They have shown interest in launching a Bitcoin futures contract, similar to the one offered by the Chicago Mercantile Exchange (CME). This move would provide institutional investors with a regulated platform to trade Bitcoin. Additionally, NASDAQ has been in talks with various digital currency exchanges to list cryptocurrencies on their platform. These developments indicate NASDAQ's growing involvement in the digital currency market and their efforts to bring more legitimacy and stability to the industry.
  • avatarDec 20, 2021 · 3 years ago
    The latest news on NASDAQ's involvement with digital currencies is that they are considering launching a cryptocurrency exchange. This would allow users to trade a variety of cryptocurrencies on a regulated platform. NASDAQ's entry into the cryptocurrency exchange market could potentially bring more credibility and mainstream adoption to digital currencies. However, it is important to note that these plans are still in the early stages and may be subject to regulatory approval.
  • avatarDec 20, 2021 · 3 years ago
    BYDFi, a digital currency exchange, has recently partnered with NASDAQ to launch a new trading platform. This collaboration aims to provide users with a seamless trading experience and access to a wide range of digital assets. The partnership between BYDFi and NASDAQ highlights the growing interest of traditional financial institutions in the digital currency space. It also signifies NASDAQ's commitment to innovation and staying at the forefront of emerging technologies.