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Nasdaq Lets Institutional Investors See A Bigger Future

Forget about the fact that all Bitcoin and other major cryptocurrencies have fallen this Wednesday. This is a legitimate market. Adena Friedman, Nasdaq’s chief executive officer, once again reminded everyone in an interview with US financial media CNBC yesterday.

Bitcoin and other cryptocurrencies are not just a whole new existence but also a new market trend. They are new currencies and new payment methods. Therefore, many traditional investors think they need to live in the field of encryption. Nasdaq provided more credibility to this idea. Adena Friedman said in an interview with CNBC yesterday: “I believe that the cryptocurrency will continue to exist. The only thing worth noting is that the maturity of this field will take time.” She added:

When you see these words, you can't help but ask questions. Is Nasdaq trying to provide a regulated market for the cryptocurrency sector? Of course, Nasdaq will consider it.
Nasdaq has now provided support for some cryptocurrency exchanges. On Wednesday, the company announced its cooperation with Gemini, a crypto-currency exchange founded by an early Bitcoin investor Winklevoss twin brothers, to enable it to use Nasdaq's smart market surveillance technology to alert suspicious transaction behavior. They cooperated with Reality Shares, a San Diego-based ETF company, to launch two US stock blockchain ETFs. The latest plan will be listed in June.

Eric Ervin, CEO of Reality Shares, commented:

She will help the SEC adapt to cryptocurrency transactions and she will not passively wait for them to join. If the SEC wants her advice, she will vote in favor.
Adena Friedman’s remarks do not mean that Nasdaq has a cryptocurrency trading mechanism in use. However, it does have a Bitcoin futures contract in progress. In addition, stock exchanges are also considering entering the field of cryptocurrencies. The Moscow Stock Exchange last year stated that it is working on a cryptocurrency trading platform that will be operational once the supervision is in place.

The SEC may be developing stricter regulations, but some institutional investors have not chosen to wait passively for the introduction of the regulation.

George Soros’s $26 billion wealth management company is planning to trade cryptocurrency assets. Adam Fisher, who is responsible for Soros Fund Management’s macro investment business, has already obtained internal approval for the start of trading cryptocurrency assets this month.

The American legend Rockefeller's $3 billion venture capital firm Venrock said this month that it will cooperate with Coinfund (Coinfund, an investment group that specializes in cryptocurrency startups).

This may be the beginning of the second game of the long game of cryptocurrency.

Ziad Abdelnour, president and chief executive officer of New York investment company Blackhawk Partners stated:

If you think it's too late to join the most profitable market so far, then you're wrong. Despite explosive growth over the past year, the industry is still in its infancy, with hundreds of cryptocurrencies to choose from. What you need to do is to identify the most likely 'potential currency'.
Ziad Abdelnour thinks Nasdaq is advancing with the times . He said:

The core innovation behind cryptocurrency - blockchain is revolutionizing the way businesses operate. Dozens of major banks and asset management companies have outstanding projects in this area, including Citigroup, Credit Suisse, UBS and Metropolitan Life Insurance Company (the nation's first life insurance company).
It is reported that Barclays Bank intends to open a cryptocurrency trading platform; about 56 financial companies are said to be ready to enter the cryptocurrency market before the end of the third quarter.

The CEO of Reality Shares said:

I think this is about to happen. Investing in cryptocurrencies and following rules, current security regulations are not difficult to follow: Do not have fraudulent ideas. Investing them is the same as investing in municipal bonds or any other securities, because these are the development trends in the cryptocurrency market.