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 U.S. stock market to enter 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. Moreover, to drive users towards new assets such as carbon, platforms are starting to launch cutting-edge technologies as technology services.
Additionally, Tal Cohen said the marketplace aims to be a comprehensive institutional-level 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 crypto assets 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 within the crypto industry.
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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 actively in discussions to provide support to resolve 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 garnered global attention.
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The published content may include the personal opinions of the author and may be subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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