NASDAQ CEO Adena Friedman: We Could Become An Exchange

Nasdaq CEO Adena Friedman was interviewed today on CNBC’s program Squawk Box, and she talked about cryptocurrencies, and about ICOs. She referred to the stance that Nasdaq has regarding these crypto-assets and gave its opinion about the possible future of the cryptocurrency market and its regulatory status.
Adena referred to cryptocurrencies as an unregulated market that is in a state of “immaturity”, but she also firmly believes that it has a future and that their inclusion in traditional market is no matter of if, but a matter of when. She sees cryptocurrencies as a form of alternative currencies and even admitted that in a more regulated market, where there would be clarity, they could become an exchange.
In regards to ICOs, she was emphatic that she considered them a thing apart from cryptocurrencies, and that the whole concept of ICOs should be regulated by the SEC. She firmly states that tokens derived from ICOs should be considered security tokens. She also talked about the deal that they had closed with Gemini, the exchange owned by the Winklevoss twins and how they are lending its technology to aid them to make their exchange a more “fair” marketplace.
Certainly, more and more traditional investors are currently eyeing cryptocurrency markets as a way of expanding its current portfolio, but the main problem that they face is the lack of regulation and the relatively obscure players in that market. Nasdaq is one of the main technology based marketplaces in the world, and the fact that they are referring to the possibility of opening its doors to exchanging cryptocurrencies themselves speaks a lot at how the credibility of cryptocurrencies has grown, from being the principal means of payment in the dark web to a respectable investment instrument even considered by NASDAQ. The whole interview can be reviewed here.

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