NASDAQ, the world’s second-largest stock exchange by market cap, is rumored to work harder than ever on allowing cryptocurrencies trading on its proprietary crypto exchange platform. Furthermore, the rumors say NASDAQ might list cryptocurrencies next year.
The potential NASDAQ crypto exchange platform would boost the cryptocurrencies market
In contrast with CBOE and CME, which listed cryptocurrency-based products such as the Bitcoin futures in 2017, NASDAQ plans on listing the actual cryptocurrencies, according to some undisclosed inside sources. Also, if NASDAQ would be successful, then its action would represent a precedent for the United States’ Securities & Exchange Commission (SEC) in approving crypto ETFs.
Additionally, a NASDAQ crypto trading platform would mean a considerable money injection into the cryptocurrencies market.
“The conversation around listing coins has centered on how they will be classified from a regulatory standpoint. As you can imagine, our leadership is closely connected to the rumbling at the SEC and CFTC around cryptos and what is expected over the next 3-6 months. Even with the longest of time frames assumed, some guidance will be provided, and I expect we will act quickly,” said the undisclosed source, cited by ICOJournal.
NASDAQ might list cryptocurrencies next year, according to undisclosed inside sources
“Doing the math here, look for regulatory bodies to provide guidance in Q1 of 2019, and an announcement and a ‘coin exchange’ to either be announced or launched in Q2 of 2019,” the same inside source added.
However, no official announcement was made by NASDAQ regarding this rumors, but, earlier this year, the second-largest stock exchange in the world announced their intentions to explore the benefits of a cryptocurrency exchange platform they would operate. For their investigation, NASDAQ is cooperating with some renowned crypto trading platforms, including the Winklevoss’ Gemini one.
One source from Gemini said that “Tyler and Cameron have moved the ball down the field in a meaningful way” as Gemini might provide the technology for NASDAQ to list cryptos.
In short, NASDAQ might list cryptocurrencies next year, some undisclosed inside sources reported.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.