Continuing to develop and grow day by day cryptocurrency sector continues to attract more attention from institutional investors.
Crypto last move on USA based stock exchange Nasdaqcame from
According to The Block’s report, Nasdaqplans to switch to an institutional crypto custody service.
A few people who gave information on the subject said that they heard the news of Nasdaq’s crypto money service launch from Nasdaq.
According to sources Nasdaqawaiting regulatory approval for its newly launched crypto custody service.
Sources also stated that Nasdaq will also establish a new crypto-focused division with cryptocurrency research firm Nasdaq Digital Assets.
As it is known, the Nasdaq cryptocurrency no stranger to the industry. Nasdaq has been serving cryptocurrency exchanges as a market surveillance technology provider since 2018.
In this context coinbase and FTX Wanting to compete with leading crypto exchanges, Nasdaq chose to provide technology to crypto market participants rather than operating a market.
As it will be remembered, Nasdaq also released the Hashdex Nasdaq Crypto Index ETF in February 2021. The ETF in question tracks the Nasdaq Crypto Index, which is designed to represent the investable crypto market for institutions.
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