Nasdaq to launch cryptocurrency exchange?


Nasdaq CEO Adena Friedman told CNBC that the company is eyeing a move in becoming a cryptocurrency exchange platform.

The chief of the second-largest stock exchange in the world by market cap said that the company would consider creating its own cryptocurrency exchange service in the future. She made this known during an interview with CNBC. Friedman also said that the company would carefully evaluate the market to determine the viability of such a move.

She further went to express optimism about the market, saying that:

I believe that digital currencies will continue to persist 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.

While Friedman was optimistic about the future of cryptocurrencies she was less so on the fundraising process known as an initial coin offering, or ICO.

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