Nasdaq admits it’s exploring ways to integrate crypto

Nasdaq is looking into ways to can add crypto datasets to its market analytics service, according to sources at the company.

The stock market firm hinted to Cointelegraph that it is interested in integrating crypto into its existing analytics tool, which was launched last year, with Nasdaq’s head of alternative data Bill Dague saying:

“Given an abundance of interest, we are exploring cryptocurrency related datasets. Whether or not we launch a crypto-related product remains to be seen.”

This is not the first time the company has commented on the possibility of including crypto as part of its services, saying back in April that it would consider becoming a crypto exchange once the market matures and is properly regulated.

“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,” said CEO Adena Friedman. “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.”

While these words from Friedman suggest trepidation from the firm, the crypto market has evolved in the months since April. Just a month later, Friedman called crypto the “right next step in the space of currency”.

“It takes a village to make it work, but people are going to be highly motivated if we show that the use cases bring a lot of efficiency,” she added.