Nasdaq Plans To List Bitcoin, Ethereum And Other Cryptocurrencies In 2019
Nasdaq (NDAQ), the second-biggest stock exchange on the planet by total capitalization is getting ready to list numerous cryptocurrencies very soon as of 2019, as disclosed by a trusted source to The ICO Journal.
Nothing has been confirmed yet from the exchanges side, however, the news comes as another positive ray of sunshine for the crypto enthusiasts and their desire for mainstream crypto adoption.
Nasdaq intends to move into crypto trading next year with the listing of numerous remarkable cryptocurrencies, including Bitcoin and Ethereum.
The insider reveals that Nasdaq significantly is focusing on the regulatory actions required to list cryptocurrencies on their exchange.
"The conversation around listing coins has centered on how they will be classified from a regulatory standpoint. As you can imagine, our leadership is closely connected to the rumbling at the SEC and CFTC around cryptos and what is expected over the next 3-6 months."
Moreover, the insider mentioned that the steps to make a separate listing and trading system for digital assets is already in the pipeline.
"The framework (two different sets of the framework based on two different regulatory outcomes) has already been laid to create a separate silo for coin listings and a robust trading apparatus. Doing the math here, look for regulatory bodies to provide guidance in Q1 of 2019, and an announcement and a ‘coin exchange’ to either be announced or launched in Q2 of 2019."
A month ago, Nasdaq hosted a closed-door meeting in Chicago with representatives from about six organizations, including Gemini and other cryptocurrency exchanges. According to a report by Bloomberg, the meeting was intended to promote the businesses to move towards improving the picture of cryptocurrency by validating its potential part in global markets.
The ICO journal report additionally includes that these meetings incorporate more actionable outcomes, as demonstrated by a different source inside Gemini.
"They are getting very comfortable with the structures they’ve seen from Gemini, and the other research they’ve done with exchanges of note. There is a timeline forming for this decision and it could be earlier than some might think."
Neither of the platforms has confirmed or denied their plans to pursue cryptocurrency listings on the Nasdaq exchange. If the reports and their respective sources are to be believed, the next big leap is much closer.
For more updates, stay tuned to CoinTopper.com