NASDAQ getting into cryptos, big deal?

matthewio

jr. member

Activity: 164

Merit: 1

bitcoin is great

Quote from: avikz on September 19, 2018, 07:03:58 PM

Fact check:
NASDAQ haven't yet acquired it. The have just submitted the bid and expressed interest to buy Cinnober. That's a big milestone yet to be achieved.

On 25th April 2018, NASDAQ CEO said in an interview that they are actively exploring options to enter into cryptospace. This acquisition is going to be their first step into crypto economy. Indeed a cheering news.

Question:
Will SEC allow NASDAQ to operate in cryptospace? Because SEC is reportedly very worried about the safety of public money!! I hope you get the sarcasm!!

I do, the SEC hurdle remains a key ingredient, custodian services will not work if there are not enough regulations to protect investors, maybe they anticipate an approval by SEC, politics behind closed doors

saaayyyeeel

member

Activity: 198

Merit: 16

For RENT

There are some questions regarding this matter but it is not a big deal, nor a wonder, it is their way of remaining on the track, the mass adoption of the cryptos is a worldwide phenomenon and it is the current trend to stay on track, sooner or later more and more prominent entities will get into this crypto-space as well.

avikz

legendary

Activity: 3080

Merit: 1500

Fact check:
NASDAQ haven't yet acquired it. The have just submitted the bid and expressed interest to buy Cinnober. That's a big milestone yet to be achieved.

On 25th April 2018, NASDAQ CEO said in an interview that they are actively exploring options to enter into cryptospace. This acquisition is going to be their first step into crypto economy. Indeed a cheering news.

Question:
Will SEC allow NASDAQ to operate in cryptospace? Because SEC is reportedly very worried about the safety of public money!! I hope you get the sarcasm!!

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

Quote from: matthewio on September 19, 2018, 06:01:27 PM

Nasdaq has joined the crypto race.It recently unveiled its plan to purchase the Swedish crypto-friendly stock exchange technology company Cinnober. A deal that will cost Nasdaq at least 190m.when concluded, ideally in 2018,it will be a major step by Nasdaq towards the provisions of custodian services for crypto investments, particularly for institutions.
Nasdaq is the second largest securities exchange in the world with a market capitalization of over 10 trillion dollars.
It would seem Wall Street are gearing up heavily for a massive adoption of cryptos businesses/investments
Credit :
https://news.bitcoin.com/10-trillion-us-exchange-takes-a-step-toward-crypto-nasdaq-bids-for-cinnober/

Anything that can increase cryptocurrency adoption is a good thing. I think it's great that the NASDAQ is doing this. It shows that they are forward-thinking and at least are trying to embrace Crypto.

matthewio

jr. member

Activity: 164

Merit: 1

bitcoin is great

Nasdaq has joined the crypto race.It recently unveiled its plan to purchase the Swedish crypto-friendly stock exchange technology company Cinnober. A deal that will cost Nasdaq at least 190m if/when concluded, ideally in 2018,it will be a major step by Nasdaq towards the provisions of custodian services for crypto investments, particularly for institutions.
Nasdaq is the second largest securities exchange in the world with a market capitalization of over 10 trillion dollars.
It would seem Wall Street are gearing up heavily for a massive adoption of cryptos businesses/investments
Credit :
https://news.bitcoin.com/10-trillion-us-exchange-takes-a-step-toward-crypto-nasdaq-bids-for-cinnober/

Topic: NASDAQ getting into cryptos, big deal? (Read 196 times)