NASDAQ is making a Big Crypto Move π
The global exchange group, has announced plans to launch its crypto custody service. π
π§΅( 1 / 12 )
The global exchange group, has announced plans to launch its crypto custody service. π
π§΅( 1 / 12 )
β’ Cryptocurrency is continuing its march towards mainstream adoption.
β’ Institutional interest in crypto is on the rise, and Nasdaq aims to meet this demand with the launch of its much-anticipated crypto custody service by the end of Q2.
π§΅( 2 / 12 )
β’ Institutional interest in crypto is on the rise, and Nasdaq aims to meet this demand with the launch of its much-anticipated crypto custody service by the end of Q2.
π§΅( 2 / 12 )
β’ The new service will offer institutional investors a safe way to get involved with digital assets and marks a significant foray by Nasdaq into the crypto space.
β’ The custody service will initially offer custody services for $BTC and $ETH
π§΅( 3 / 12 )
β’ The custody service will initially offer custody services for $BTC and $ETH
π§΅( 3 / 12 )
β’ According to Ira Auerbach, senior vice president and head of Nasdaq Digital Assets, the global exchange group has applied to the New York Department of Financial Services for a limited-purpose trust company charter to oversee the new business.
π§΅( 4 / 12 )
π§΅( 4 / 12 )
β’ The move by Nasdaq comes at a time when traditional finance interest in crypto is on the rise.
β’ A @BNYMellonWealth survey last October revealed that 91% of the bank's institutional investors are interested in investing in digital assets.
π§΅( 5 / 12 )
β’ A @BNYMellonWealth survey last October revealed that 91% of the bank's institutional investors are interested in investing in digital assets.
π§΅( 5 / 12 )
β’ @yassineARK , an analyst at @ARKInvest , has argued that the rally is a sign of Bitcoinβs value as a safe haven asset.
β’ He claimed that Bitcoinβs recent price behavior suggests that the increasing regulatory pressure had no impact on the leading crypto.
π§΅( 7 / 12 )
β’ He claimed that Bitcoinβs recent price behavior suggests that the increasing regulatory pressure had no impact on the leading crypto.
π§΅( 7 / 12 )
β’ The announcement also comes at a time when some major crypto exchanges in the world, including FTX, have collapsed.
β’ Nasdaq's new service will make it a direct competitor to Coinbase and Binance, who are currently facing regulatory challenges.
π§΅( 8 / 12 )
β’ Nasdaq's new service will make it a direct competitor to Coinbase and Binance, who are currently facing regulatory challenges.
π§΅( 8 / 12 )
β’ Furthermore, three US Senators, including Elizabeth Warren, Chris Van Hollen, and Roger Marshall, have recently asked Binance "to provide transparency about potentially illegal business practice."
π§΅( 9 / 12 )
π§΅( 9 / 12 )
β’ Meanwhile, the SEC has also recently sent a so-called βWells noticeβ to Coinbase, threatening the crypto exchange with legal actions regarding some of its listed digital assets.
π§΅( 10 / 12 )
π§΅( 10 / 12 )
β’ Nasdaq's move into the crypto custody space is a significant development in the ongoing adoption of digital assets.
β’ The move is sure to increase institutional interest and will make it easier for traditional investors to gain exposure to cryptocurrencies.
π§΅( 11 / 12 )
β’ The move is sure to increase institutional interest and will make it easier for traditional investors to gain exposure to cryptocurrencies.
π§΅( 11 / 12 )
Do you love signals and alpha, then you don't want to miss following them -
@azeemgaur123
@Pure8Nature
@Thorshammergems
@BlocksNThoughts
@mortycryptox
@CryptoPunjab09
@CryptoPatel
@azeemgaur123
@Pure8Nature
@Thorshammergems
@BlocksNThoughts
@mortycryptox
@CryptoPunjab09
@CryptoPatel
@azeemgaur123 @Pure8Nature @Thorshammergems @BlocksNThoughts @mortycryptox @CryptoPunjab09 @CryptoPatel If you enjoyed this thread:
1. Follow me @ourcryptotalk for more crypto and trading content.
2. RT the tweet below to share this thread with your audience
π§΅( 12 / 12 )
1. Follow me @ourcryptotalk for more crypto and trading content.
2. RT the tweet below to share this thread with your audience
π§΅( 12 / 12 )
Do you want to join a great community for crypto signals and idea sharing? Do join us for free at app.ourcryptotalk.com
Loading suggestions...