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Nasdaq Is Gearing Up for Institutional Crypto Custody Services

By WebsCryptoSeptember 21, 20221 Min Read
Nasdaq Is Gearing Up for Institutional Crypto Custody Services
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Nasdaq, the second-largest U.S. stock exchange, is looking to harness the power of institutional investors by offering cryptocurrency custody services for Bitcoin and Ethereum.

The former global head of Gemini Prime will join the Nasdaq team to lead the Nasdaq digital assets division.

If approved by the New York Department of Financial Services (NYDFS), Nasdaq will become a custodian of digital assets, putting the stock exchange in direct competition with centralized cryptocurrency giants including Coinbase, Anchorage Digital and BitGo.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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