Nasdaq would “certainly consider” becoming crypto exchange

Nasdaq, the world’s second-largest stock exchange, has said it would consider becoming a cryptocurrency exchange should the market be regulated as it matures.

Speaking on CNBC, CEO Adena Friedman said: “It’s an unregulated space today, so it’s not something that we’ve decided to go into, but we are providing our technology to other crypto exchanges.

“Over time though, if we do look at it and say people are ready for a more regulated market for something that provides a fair experience for investors, certainly Nasdaq would consider becoming a crypto exchange, over time.”

This sentiment echoes that of many organisations who are wary of getting involved in the space without proper rules and regulations first being put into place.

Nasdaq’s surveillance technology is currently being used by Gemini in order to monitor its Bitcoin and Ethereum trading.

“I would definitely say that – I believe that digital currencies will continue to persist,” she added. “It’s just a matter of how long it will take for that space to mature. Once you look at it and say, ‘do we want to provide a regulated market for this?’, certainly, Nasdaq would consider it.”