Nasdaq needs clear regulations to launch crypto exchange, says VP
Nasdaq said that the retail side of the crypto market is quite saturated at the moment with many service providers looking to fulfill retail investors’ needs. Nasdaq, the American stock exchange, has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers, said Tal Cohen, the company’s executive vice president. In an interview with Bloomberg, Cohen said that the retail side of the crypto market is fairly saturated and there are enough crypto exchanges catering to the needs of retail investors. He added that his firm would continue its focus on crypto custody services that were launched on Sept. 20. Cohen also shed some light on other crypto-related services that the exchange is working on, namely building execution capabilities on the platform to move and transfer assets. The world’s second-largest stock exchange might be hesitant to launch a crypto exchange in the United States, but the firm partnered with Brazil’s leading brokera...