Cryptocurrency, In Depth

NASDAQ Blesses Cryptocurrencies’ Legitimacy & Institutional Investors – The Future Of Finance And Technology

Nasdaq CEO Adena Friedman is supporting the cryptocurrency future. This is a major figure in the finance world and that’s the reason for which this is vital news.

“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,” explained Friedman in an interview with CNBC.

Nasdaq teamed up with more digital asset exchanges

Nasdaq has already tried the crypto waters announcing its plans to team up with Gemini, Tyler and Cameron Winklevoss’ digital asset exchange. It also teamed up with Reality Shares, a San Diego-based ETF company which is currently planning to launch a pair of blockchain-related funds by the end of June 2018.

“If you were to rank interest in cryptocurrency on a scale of zero to 10, Friedman would be a six. She would help get the SEC comfortable with cryptocurrency trading. She would not passively wait for them to get on board. If the SEC wanted her opinion, she would give it a thumbs up.” Reality Shares CEO Eric Ervin told Forbes.

CEO Ziad Adbelnour considers cryptocurrency the “most profitable market of all time”

Ziad Abdelnour, President, and CEO of New York-based investment firm Blackhawk Partners explained that if you think that it’s too late to take part in what could be the most profitable market of all time, you are wrong because the industry is still emerging despite its explosive growth in 2017. He said that “There are hundreds of cryptocurrencies available — the trick is finding those that have the best odds of becoming viable long term.”

According to Abdelnour, the comments coming from Nasdaq’s CEO are the main proof.

These days, everyone’s getting on board, and if not with cryptos then with their underlying technology.

Blockchain technology is revolutionizing the world

“The technological innovation at the heart of these currencies, the blockchain, is revolutionizing how business is conducted. Dozens of major banks and money management firms have pending projects in this space, including Citi, Credit Suisse, UBS, and MetLife,” he explained.

Bitcoin and other cryptocurrencies are becoming more legitimate and this makes the future look more than bright.

coinmag

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.