A few weeks ago, Bloomberg reported news about a “secret meeting” in Chicago between Nasdaq leadership and a few crypto companies and personalities.
It seems that this meeting and all the conversations that took place there have led to two particular developments that could provide support to the crypto markets.
It was reported by some more reliable sources that Gemini and Nasdaq are moving closer to a joint venture that allows both of them to list tokens and provide liquidity on a global scale.
Nasdaq is on its way to list cryptos
According to both sources, there is a plan that’s under development at the moment that would see the Nasdaq ultimately list top market cap coins for global trading.
The sources that we mentioned above are close to Gemini, and the Winklevoss twins and they haven’t offered more in-depth details regarding the plan.
They did mention details referring to the roadmap that connected to this, and it seems that Gemini has allowed Nasdaq to manipulate the crypto markets, claims The ICO Journal.
This led to a deeper relationship between the two companies and also enhanced the confidence from Nasdaq that there is a pathway to list at least Bitcoin and Ethereum.
Nasdaq and Gemini partnership could address more of the cryptosphere’s issues
Here’s what one of the sources told The ICO Journal: “Tyler and Cameron have moved the ball down the field in a meaningful way. Nasdaq, and its leadership, already are predisposed to finding an architecture solution and being the first to list actual tokens. Not just ETF’s or futures or some ‘derivative’ of the crypto apparatus…but rather list actual coins. They are getting very comfortable with the structures they’ve seen from Gemini, and the other research they’ve done with exchanges of note.”
The second source was more specific with the details that they were willing to offer the online publications and stated that Nasdaq and Gemini are getting more and more comfortable with each other.
They also reported that they would be a joint venture by Q2 2019.
The cryptosphere has managed to come quite a long way, and such a partnership would be able to gap most inefficiencies and provide reliable and mature solutions.