Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO (coindesk.com)

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. From a report: The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. "Certainly Nasdaq would consider becoming a crypto exchange over time," Friedman remarked, adding: "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... 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. Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."

Comments

Who wouldn't want to be an exchange?

[OrangeTide]

Being an exchange is zero risk, and you get a slice of all the action. No need to worry about the latest mining hardware, or losing your shirt in the wildly unstable cryptocurrency market.

Re:Who wouldn't want to be an exchange?

[Joce640k]

Yep.

The Bitcoin fanbois will tell us it means Bitcoin is legit (finally!) but all it really means is that NASDAQ think there's some decent transaction fees to be made.

Once NASDAQ involved

[sinij]

Maybe we can push more ICOs. Lets also repackage these ICOs into derivatives and roll them into every security that is being sold. Then gamble on futures using hedge funds with borrowed money.

What could possibly go wrong?

Step 4

[Aaden42]

Nasdaq "would consider" selling your grandma into slavery if it were deemed profitable and the the regulatory environment shifted / was purchased appropriately.

Re:Crypto currency value

[ShanghaiBill]

At least "real" currency sort of has some government backing to it.

That is a bug, not a feature. Most of these governments are highly indebted and have a vested interest in using inflation to monetize that debt.

No government backs gold. Over the last century, the US dollar has lost 98% of its value against gold. Most other "government backed" currencies have done even worse.

Is a hen house more secure when there is a fox to guard it?

Re:Never happen

[Pinky's Brain]

Why would they care what is being brokered? Whether people are throwing futures around as casino chips or digital tokens, they live off the fees.

Re:Never happen

[mikael]

And at the speed-of-light trading where they can buy and sell magnitudes faster than the punter from a home computer. Basically profiting from the s