According to the company’s CEO, after the space ripens, Nasdaq is open to becoming a platform for trading cryptocurrencies, such as Bitcoin.
Nasdaq CEO Adena Friedman on Wednesday presented CNBC Squawk Boxing:
“Certainly Nasdaq would consider becoming a crypto exchange over time, 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.”
A key obstacle for Nasdaq and other institutional investors is regulation, which, according to Friedman, needed to be ironed out before the company added an exchange. But she was optimistic about the future of digital assets.
“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.”
In the meantime, Nasdaq supports existing cryptoexchanges.
On Wednesday, the company announced a partnership with the cryptocurrency exchange Gemini, founded by early investors from the Bitcoin Tyler and Cameron Winklews. The deal gives Gemini access to Nasdaq surveillance technologies to help provide a platform for a fair and “rule-based marketplace” for its members, said Gemini CEO Tyler Winklewos in a statement.
While Friedman was optimistic about the future of cryptocurrencies, it was less in the fund-raising process, known as the original coin offer, or ICO.