Nasdaq CEO: We’ll ‘Certainly Consider’ Becoming a Cryptocurrency Exchange
Nasdaq, the world’s second-largest stock exchange with a $9 trillion market cap, is open to becoming a cryptocurrency exchange in a regulated market.
In a televised interview with CNBC’s Squawk Box, Nasdaq CEO Adena Friedman was asked of the position taken by Nasdaq’s board and herself on cryptocurrencies, specifically as a service provider.
“A lot of people are frustrated that even if they go into [the cryptocurrency] market, they have no liquidity [at an] exchange,” host and ‘Shark Tank’ shark Kevin O’Leary said, quipping: “Nasdaq would be a natural place for that, would it not?”
‘It’s an unregulated space today, so it’s not something that we’ve decided to go into becoming a [crypto] exchange but we are providing our technology now to other crypto exchanges,” she replied, pointing to Nasdaq’s surveillance technology that will be put to use by Gemini to monitor its cryptocurrency trading pairs in bitcoin and Ethereum.
Notably, she added:
Asked if she was a believer in cryptocurrencies, she bullishly stated: