נאָך קיין פּלאַנז צו קאַטער קריפּטאָ פּלאַטפאָרמע: נאַסדאַק

Nasdaq plans to wait for further clarity in terms of crypto adoption globally, the company’s executive vice president and head of North American markets said.

Tal Cohen said that the world’s second-largest stock exchange is awaiting greater regulatory clarity and institutional adoption around crypto exchanges before planning to launch a platform of its own.

“Those are discussions we are happy to have,” Cohen told Bloomberg TV on Tuesday. 

“But right now, on the retail side, the market is fairly saturated,” he added. “There’s a number of exchanges servicing the retail customer base.”

Nasdaq instead פּלאַנז to stay focused on its crypto custody services. Cohen said that these services are foundational for clients, citing “massive” demand ad opportunity there.

“We think if you can safe-keep peoples’ assets, they’ll trust you to do everything else afterwards,” he said.

Cohen added that along with safe-keeping services, Nasdaq is working on facilitating the movement and transfer of the assets by building out its execution capabilities.

In September, Nasdaq announced it would offer custody services for ביטקאָין and Ether to institutional investors. To do so, the firm hired Ira Auerbach, who ran prime broker services at crypto exchange Gemini, to head the new Nasdaq Digital Assets unit.

די ערשטיק ציל מאַרק פֿאַר די נאַסדאַק וועקסל איז ינסטיטושאַנאַל ינוועסטערז, ווייַל די אַדאַפּשאַן איז רימאַרקאַבלי געוואקסן צווישן די קלאסן אין די לעצטע יאָרן. כאָטש אַקיומיאַלייטינג קריפּטאָ איז איין זאַך, באַוואָרעניש זיי איז אן אנדער, און פירמע-אָונד געלט זענען נישט געמיינט צו זיין כאַנדאַלד דורך בלויז איין מענטש.

According to Blockchain.News, This calls for the need for custodial services. While exchanges like Coinbase, Gemini, and Kraken are already dominating the crypto custody space for institutional investors, many believe Nasdaq is not yet late to the party.

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