Nasdaq, the American stock market that simplifies electronic securities trading, appears to be setting its sights on leveraging the technology it previously curated. The technology was hand-picked for the American stock market's entry into the crypto market and was initially introduced as an effort to expand Nasdaq's reach into emerging markets.
However, the technology's launch was halted earlier this year, and Nasdaq is now restarting it in hopes of capitalizing on the market. Additionally, Nasdaq Co-President Tal Cohen touted the upcoming launch, highlighting how the technology is now encompassing not only digital assets but also markets such as carbon.
Nasdaq Tech Eyes Carbon Market
With the announcement of Nasdaq's crypto redeployment, the electronic market is now aiming to attract more customers around the world. Additionally, platforms are starting to launch emerging technologies as technology services to drive users towards new assets such as carbon.
Additionally, Tal Cohen said the marketplace aims to be a comprehensive, institutional-grade technology platform that looks beyond digital assets to emerging markets such as carbon.
Moreover, Nasdaq, along with many other important financial institutions, appears to have taken a step back from its crypto ambitions. This comes as US crypto industry regulators seek to distance the country's financial system from digital assets.
Additionally, Nasdaq previously declared that the company plans to advance its technology to manage cryptocurrencies on behalf of its customers, despite the venture's suspension over approval of its business license. Earlier this year, Nasdaq also announced plans to discontinue its crypto custody services, fueling speculation in the crypto space.
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Nasdaq attracts users all over the world
US exchange operators appear to be reaping big benefits as British startups choose to list in New York rather than London.
Furthermore, Mr. Cohen highlighted his views and emphasized that the company is willing to work with legislators to increase the region's attractiveness for such listings. He also highlighted Europe's structural challenges, such as the complexity of the tax system and strict regulations, and expressed his willingness to participate in discussions to provide support in addressing regulatory issues.
This is an important milestone for the market as it comes amid regulatory oversight across the global cryptocurrency space. Nasdaq's openness to regulatory evolution has brought it to global attention.
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