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Nasdaq's CEO Adena Friedman is Bullish on Cryptocurrencies

In an interview on CNN’s Bossfiles, Adena Friedman, who serves as the CEO of Nasdaq, said that the exchange will more than likely be adding cryptocurrencies soon. Friedman was enthusiastic about blockchain technology and also said that cryptocurrencies will play a pivotal role in the economy.

The NY City-based Nasdaq Stock Market is the second-largest exchange in the world by market capitalization, just behind the New York Stock Exchange. It is owned by Nasdaq, Inc.as well as several other U.S. stock and options exchanges.

As CEO of Nasdaq, Freidman is ushering in a new era for the exchange by embracing a new technology that will revolutionize efficiency, as well as expand its offerings and monitor trading activity in the cryptocurrency market.

Nasdaq is a major platform provider to the capital market as well as data analytics and surveillance capabilities. In April of this year the Gemini Trust, which was founded by Tyler and Cameron Winklevoss, joined with Nasdaq and will be using Nasdaq's technology to monitor trades more accurately for Gemini’s cryptocurrency exchange

When asked specifically about blockchain Friedman said, “Blockchain takes a lot of risk out of the system and therefore it makes it so that the banks don't have to be as capital intensive. And that's a big incentive." She went on to say, "I think the technology is fascinating and it's a very sound technology. It's just a matter of making sure that the community is all embracing it together."

Go here for the full video interview.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee