I read three recent articles regarding the NASDAQ becoming involved in cryptocurrency and I think it’s important for those of suffering through this bear market to be encouraged by these news articles. The Nasdaq is the second-largest stock exchange in the world in terms of market capitalization. The company is the latest one of several large of institutional investors looking to enter the cryptocurrency market.
Article number 1: https://bitcoinist.com/nasdaq-crypto-fraud-manipulation/
In this article, Adena Friedman, the CEO of NasDaq, says wants to lead the fight against market manipulation and fraud that has been plaguing the cryptocurrency market. But not only is the CEO of NasDaq talking about doing this, we find out in thIn fact, a few exchange platforms are already adopting the NasDaq exchange operator’s market surveillance technology.
In mid-2018, Bitcoinist reported that Gemini, SBI Virtual Currencies, and three other platforms were already using Nasdaq’s SMARTS technology.
Next I read: https://www.bloomberg.com/news/articles/2018-11-01/nasdaq-wants-crypto-market-to-stamp-out-fraud-with-its-help.
This article is filled with information about the analysis by NasDaq on fraud in the cryptocurrency markets. But I was interested to find out that the article stated that cryptocurrency exchange Gemini had signed an agreement to partner with Nasdaq to combat crypto trading fraud. The partnership will see Nasdaq use its SMARTS software to monitor the Gemini platform to prevent fraud and manipulation.
According to this article:https://bitcoinist.com/the-most-profitable-market-of-all-time-nasdaq-endorses-cryptocurrency-as-institutions-get-involved/
The NasDaq has also signed a deal with the San Diego-based ETF firm, Reality Shares, which plans to launch a pair of blockchain-related funds before the end of June.
Lastly, according to this article:https://bitcoinist.com/nasdaq-eyes-becoming-a-cryptocurrency-exchange-platform/
The author quotes Adena Friedman, the CEO of Nasdaq saying the company is interested in becoming a cryptocurrency exchange platform. Nasdaq is the second-largest stock exchange in the world in terms of market capitalization.
This is good news for cryptocurrency! The large financial companies are moving into the cryptocurrency market. The are moving during this bull market. A basic tenet of investing is buy low and sell high. These companies are moving in while prices are low. Are you paying attention?
The future belongs to bold.
