According to theicojournal news on August 16, the Nasdaq and Gemini exchanges are planning to launch a joint venture that will allow two exchanges to go online with digital currencies and provide liquidity to users on a global scale.
Is the cryptocurrency going to market? Nasdaq and Gemini are planning to launch joint ventures
Nasdaq, the world's second-largest stock exchange, held a closed-door meeting at the end of last month to discuss with the representatives from Wall Street and the cryptocurrency industry how to make cryptocurrency legal in the form of an asset class. Turn. It is worth noting that the conference also invited representatives from the cryptocurrency exchange Gemini.
After that meeting and conversation brought two concrete progress, it could have encrypted the currency market into a shot in the arm, pulling individual investors, institutional investors and growth.
Through two messages related to the Gemini and Winklevoss brothers, we believe that Gemini and Nasdaq are planning to launch a joint venture-like entity that will be online and traded for NASDAQ and Gemini worldwide. Provide a platform. This also means that two messages Nasdaq plans to launch the highest market value in the global trading market encryption currency .
We don't know the details of the plan. What we are learning about is the progress related to the investigation, that is, Gemini allows Nasdaq to investigate its trading status. This means that the two companies have deeper contacts. This also allows Nasdaq to believe that there is at least one way to market the Bitcoin and Ethereum teams as trading entities in the global market .
The first news about Gemini is like this:
The Winklevoss brothers moved the target to the field in a meaningful way. Nasdaq and its leadership have tended to look for an architecture solution to make it the first company to go online. Not just exchange-traded funds, futures or other encryption currency -related "derivatives", but a real on-line encryption currency . Through observations of the Gemini structure and other research, Nasdaq communicated very well with the exchange. Their cooperation may come sooner, probably earlier than some people think.
The other news is even more fierce:
Nasdaq and Gemini get along very well with each other. Have you noticed that Gemini said in a recent article that their number of employees will double at the end of this year? There is a reason for this, that is, the staffing with Nasdaq. This joint venture will appear, Nasdaq will be listed several tokens before the second quarter of 2019, I am willing to bet on this. Remember, there is fierce competition in the cryptocurrency business between these global exchanges . Nasdaq wants to be unique in this regard, and all other exchanges such as the Intercontinental Exchange (ICE) and the Chicago Board Options Exchange (CBOE) are no different.
As of now, no one has denied this possibility. The institutional structure is rapidly being established. Gemini is in the middle, they deliberately put themselves in this position. This has a lot of money to power the volatile and inefficient markets.
Although the cryptocurrency market has made great progress, the problem of inefficiency is still quite serious, and it is also the focus of debates in various institutions. In this way, we are getting closer to the mature solution.