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Nasdaq CEO Says It's Open To Becoming A Cryptocurrency Exchange

The CEO of Nasdaq, Adena Friedman, spoke with CNBC’s Squawk Box where she was asked if the exchange was open to trading cryptocurrencies. Friedman said that the system needs to mature first, and as soon as things were regulated, they’re very open to allowing the trading of cryptocurrencies.

"Certainly Nasdaq would consider becoming a crypto exchange over time," Adena Friedman told Squawk Box. "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors."

Friedman insisted that the main issue now is regulation and getting things in order if trading were to begin. Nevertheless, Freidman was bullish on cryptocurrency.

"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," Friedman said. "Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."

Currently the Nasdaq does support existing cryptoexchanges.

On Wednesday, April 25th, 2018, Nasdaq announced a collaboration with cryptocurrency exchange Gemini. This new deal offers Gemini access to Nasdaq's surveillance technology to detect manipulation and market trades.

Gemini was created by brothers Tyler and Cameron Winklevoss, who were early investors in Bitcoin. The brothers also sued Facebook founder Mark Zuckerberg, saying that he stole their ConnectU idea which lead to the social networking site, Facebook. The pair received $65 million as part of the judgement.

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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