Categories: AltсoinsBitcoinBusinessEconomyGlobalNewsRegulation

NASDAQ To Legitimize Cryptocurrencies In 2019?

The Nasdaq, the world’s second-largest stock exchange, is reportedly working towards launching its own cryptocurrency exchange to support its trading. Reports have indicated that the Nasdaq does not plan to list Bitcoin (BTC) futures like its competitors, CME and CBOE. Instead, the stock exchange company has decided to list and start trading actual digital currencies.

The listing by the Nasdaq is likely to bring on board many institutional investors. The move can also shed light coming from the potential approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC). The SEC has previously rejected more than 10 applications for Bitcoin ETFs stating that the market was not yet ready.

Sources familiar with the matter informed us that the exchange is working closely with regulators. In a note they explained that,

The talk linking NASDAQ to the listing of digital currencies is true and they are currently engaging regulators. The leadership of the exchange has been working closely with SEC and CFTC. If approved, the company is expected to start trading in the coming year because it has already set up the framework.

Association with Gemini

The Nasdaq has been doing a lot of research on digital currencies. The exchange had however not stated any plans for listing digital currencies. In the past, insiders have reported that the exchange has a very close relationship with the Gemini cryptocurrency exchange. Nonetheless, Nasdaq has always been silent about its movements into the new technology.

Sources indicated that Gemini had doubled its staff because of the work it has been conducting with the Nasdaq. It has also been said that the Nasdaq wants to work with Gemini for the cryptocurrency exchange to provide the listing technology. The management is however yet to state its stand on the rumors. The listing would be huge news for the cryptocurrency investors. With the Nasdaq having a massive following, this would be a monumental boost for the cryptocurrency industry.

Many stock exchange companies around the world are working to integrate blockchain technology into their platforms. With blockchain technology being the underlying technology of digital currencies, exchanges are likely to expose their clients to the sector. This will be a big move for the sector which is desperately trying to emerge on the mainstream stage.

 

Join our Telegram Group To Stay Up To Date With Crypto News

 

Jeffrey McGovern

Jeff is a cryptocurrency supporter and shares great admiration for both blockchain tech and Bitcoin. Originally from Charlotte, NC, Jeff graduated from North Carolina State University, but now resides in South Florida. With a background in English Literature, he never believed his 10 years of writing experience would be used towards creating and editing important crypto/blockchain related news.

Share
Published by
Jeffrey McGovern
Tags: BitcoinBitcoin ETFsBlockchainBTCcboeCFTCCMEcryptocurrencyETFGeminimainstreamNASDAQSEC

Recent Posts

  • Altсoins
  • Bitcoin
  • Exchange
  • News

Top Running Cryptocurrencies January 4th, 2019

One of the top performing cryptocurrencies of the day is REPO. REPO (REPO) is currently up 72.75% compared to USD…

6 years ago
  • Blockchain
  • Business
  • News

Gaming Giant Atari Plans to Bring Its Popular Games on Blockchain Platform

As the world is moving towards Blockchain, gaming giant Atari too wants to dip its toe into the emerging technology.…

6 years ago
  • Altсoins
  • Blockchain
  • Business
  • Exchange

Overstock’s tZERO Working on a Crypto Token to Trade Cobalt

Private equity firm GSR Capital has hired tZERO, an Overstock.com subsidiary, to develop digital token for trading cobalt. Overstock said…

6 years ago
  • Blockchain
  • News
  • Regulation

UAE Banks’ Advisory Council Consider Blockchain Adoption

On Monday, December 17th, Gulf News reported that the advisory council of the United Arab Emirates Banks Federation (UBF) can adopt blockchain use…

6 years ago
  • Ban
  • Business
  • Controversy
  • News
  • Regulation

French Financial Regulator Blacklists Four Crypto Websites

France's financial regulatory watchdog - Financial Market Regulator (AMF) is working aggressively to bring down unauthorized crypto companies. The AMF…

6 years ago
  • Altсoins
  • News

Digix Stablecoin (DGX) Comes With the Backing of Gold

There's a flood of new stablecoins hitting the cryptocurrency space in the last few months. A stablecoin is basically a…

6 years ago