What is the impact of NASDAQ IDSA on the cryptocurrency market?

1 answers

• Dec 17, 2021 · 3 years ago
  As a representative from BYDFi, a digital currency exchange, I can say that the introduction of NASDAQ IDSA has the potential to greatly impact the cryptocurrency market. By allowing non-U.S. companies to list their securities on Nasdaq, it opens up new avenues for international projects to gain exposure and attract investment. This can lead to increased liquidity and trading volume, which can ultimately drive up the market value of these projects. Additionally, the association with a reputable exchange like Nasdaq can help improve the credibility and trustworthiness of the cryptocurrency industry as a whole. However, it's important to note that the success of these projects will depend on their ability to meet the regulatory requirements and maintain transparency and compliance.
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