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Nasdaq CEO Gives Big Thumbs Up to Crypto

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  • Urvashi Verma
    📰 News

    Adena Friedman, CEO of Nasdaq, says the exchange is open to providing a regulated market to cryptocurrencies and ICOs

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Amidst negative media hype and a slight fall in values Wednesday, Adena Friedman, CEO of Nasdaq, re-affirmed that cryptocurrencies are here to stay.

Friedman told CNBC news today:

“Certainly Nasdaq would consider becoming a crypto-exchange in time. Once you look at it and say ‘do we want to provide a regulated market for this?' Certainly, Nasdaq would consider it."

Friedman further added that she agrees with the US Securities and Exchange Commission (SEC) that ICOs are like securities and need to be regulated.

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Friedman’s approving stance may lend a helping hand towards crafting crypto-friendly regulation, some experts say.

While the SEC works to smooth out regulation, Friedman declared the company would collaborate with cryptocurrency exchange Gemini, founded by early Bitcoin investors Tyler and Cameron Winklevoss, on a technology deal.

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About the author

Urvashi Verma is a Chicago-based reporter who writes about the convergence of technology and business. She is interested in fintech, digital currencies, blockchain and currency markets. Urvashi formerly worked with the Times of Israel covering Israel's booming tech industry including Start-Up Nation, venture capital investment, and crowd-funding platforms.

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