Nasdaq eyes digital asset custody services



Nasdaq eyes digital asset custody services

Especially in recent years, as digital assets have gained more popularity and more institutions are interested in cryptocurrencies, the multinational private exchange Nasdaq has started preparations to offer digital asset custody services to its institutional clients.

Nasdaq, in this context, created a new team focused on digital assets. It was stated that the team will start offering Bitcoin (BTC) and Ethereum (ETH) custody services for institutional customers. The company has also appointed Ira Auerbach, who previously worked in Gemini’s main brokerage services, to head the new digital assets unit.

According to the news in Bloomberg, Auerbach expressed his belief that the next target of the financial revolution will be driven by corporate adoption. The former Gemini employee said that when it comes to bringing confidence to the market, there is no better place than the Nasdaq.

Last May, Nasdaq partnered with Brazilian firm XP to create a digital asset exchange called XTAGE. Roland Chai, one of the Nasdaq executives, said that their partnership with XP will open up new opportunities for investors and other companies. XP, on the other hand, stated that the exchange named XTAGE will be available in 2020.

Related: Fidelity will ‘shift’ retail customers into crypto soon — Galaxy CEO

On the other hand; Alexander Höptner, CEO of BitMEX exchange, pointed out in a recent interview with Cointelegraph that after Ethereum transitioning to the PoS (Proof of Stake) consensus mechanism, many companies will become more open to investing in crypto in terms of increasing their efficiency and environmental concerns.

In another interview conducted by Cointelegraph with Henrik Andersson, one of the fund managers of Apollo Capital, Andersson emphasized that institutions will soon change their negative attitude towards cryptos with a U-turn. Henrik Andersson also said that a time will come that people do not want to miss, and that “a career risk not to be invested in” He also underlined that he would become

Soruce : https://tr.cointelegraph.com/news/nasdaq-reportedly-prepares-for-crypto-custody-services-for-institutions

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