Nasdaq 'would Consider' Creating A Crypto Exchange, Says Ceo

[cryptoMihail]

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future.
The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea.
"Certainly Nasdaq would consider becoming a crypto exchange over time," Friedman remarked

https://www.coindesk.com/nasdaq-consider-creating-crypto-exchange-says-ceo/?utm_content=buffera1591&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer (Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO - CoinDesk)

What do you think about this news?

[Slow death]

we are looking like children when they are promised that they will receive candy, they do not have dates to do such a thing, in short, they are only promises and they are empty promises, this can take 5 years or even never happen, let's concentrate on concrete things and not on Empty promises. this does not help bitcoin to grow, I remember last year where people were high expectations

Wall Street Journal: Nasdaq to Offer Bitcoin Futures in June 2018

after

Nasdaq Undecided About Launching Own Bitcoin Futures, ‘Still Evaluating’ Feasibility

we can not create high expectations and then disappoint us

[rebanser]

I think that these whales started to order good news before dump in May. The market will grow, then collapse in the summer. Nasdaq this year will not add any crypto currency for trading on its stock exchange, but this will necessarily happen within a few years. After this bitcoin can overcome the cost of 50 000 -100 000 $

[richardsNY]

Thoughts about creating something are interesting, but not something you should add much value to. In order for this to become reality, the regulatory framework needs to make it easy and legal for these parties to actually execute their plans. Governments aren't even on 5% of their planned regulations yet, and that while this market and everything around it have been active for quite some years. In other words, governments are very slow with catching up, where I even believe that they may be slow on purpose to not let crypto advance even faster. Patience is all we need, because eventually we'll be seeing either the Nasdaq or the NYSE set the first step. I wonder though how their fee structure will be set up, where right now in most cases you get charged a fixed amount in fiat per trade, while crypto trades are charged in percentages related to the trade value.

[nsasuiteb]

In the future I think whole other assets like stocks will be tokenized so that is one of the things I expected from such like nasdaq. Because tokenization brings many advantages in terms of cost and security.

[HabBear]

"Certainly Nasdaq would consider becoming a crypto exchange over time," Friedman remarked

What do you think about this news?

I think that "certainly would consider" means almost nothing...unfortunately.

If they did become a crypto exchange they'd open the door to the largest audience of investors in the world. And we're talking about people with real disposable income to spend "on a flyer like Bitcoin!" NASDAQ would create the next surge of Bitcoin adoption and it would eclipse the activity we experienced in 2017. Has there been any talk about real commitment?

In the future I think whole other assets like stocks will be tokenized so that is one of the things I expected from such like nasdaq. Because tokenization brings many advantages in terms of cost and security.

Tokenizing stocks isn't want the NASDAQ is considering...if they were they'd talk about blockchain to clear trades, not becoming an exchange for cryptocurrencies.

[Pattberry]

In the future I think whole other assets like stocks will be tokenized so that is one of the things I expected from such like nasdaq. Because tokenization brings many advantages in terms of cost and security.

I do not think so that will happen because moving the entire stock and tokenization it means a complete shift from the current system which i think is not a feasible idea, lets leave those market and lets view both these market as we know now.
If there is a regulation i am sure they will consider starting the crypto market and it will be a huge development without a doubt and that could encourage other markets world wide to start their own.

[Hydrogen]

I would be more interested in discussion revolving around crypto indexes. Something like the crypto currency equivalent of a DOW Jones Industrial Average, S & P 500 and so on. How crypto coins might be categorized or grouped. Could bitcoin be considered an entire index given how heavily other altcoins and forks derive value from it. That might be a good discussion and perhaps a topic that is being neglected at the moment.

I could see an coin indexes being separated by coins with limited supply like bitcoin, litecoin, dash, etc. Then on the opposite end of the spectrum an index for coins with unlimited or variable supply which can be printed-without-limit similar to fiat money. Coins could also be indexed or categorized by having "no intrinsic value" contrasting with coins "backed" by oil or a type of commodity. Some coins could be designated as being long term HODL store-of-value while others might be geared moreso for fast transactions and designated as being designed for higher volume "intended to purchase a cup of coffee" type transactions.

There are many different ways to breakdown crypto coins into indexes or categories in an attempt to better understand which direction markets are moving and what facets of coin design and implementation is moving in an upward, sideways or downwards direction.

[timerland]

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future.
The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea.
"Certainly Nasdaq would consider becoming a crypto exchange over time," Friedman remarked

https://www.coindesk.com/nasdaq-consider-creating-crypto-exchange-says-ceo/?utm_content=buffera1591&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer (Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO - CoinDesk)

What do you think about this news?

Again, there are absolutely no ETAs or promises. It's simply an expression of interest that they are potentially interested in opening one. There aren't even any in depth look into what services they will actually offer in terms of trading.

Obviously, if it does happen, then it'll mean that a lot more institutional investors are going to be attracted to investing in BTC and crypto in general. And crypto volumes will obviously also climb as a result. The news itself of Nasdaq opening a crypto exchange will probably bring a lot of hype in the market, pushing the prices up as well.

But this isn't needed. Bitcoin is a decentralized currency, and it doesn't need any particular exchanges to list it in order to be successful. Exchanges that we currently have that are specializing in in crypto transactions are already enough. There are  also going to be concerns about manipulation if Nasdaq does create a crypto exchange.

[pitiflin]

Why care about this? They are a stock exchange, they don't even know how crypto works. People say a lot of things that they will do but it is all in thin air. Don't waste your time on listening to them. Learn something about crypto at least then.

[jaysabi]

I would be more interested in discussion revolving around crypto indexes. Something like the crypto currency equivalent of a DOW Jones Industrial Average, S & P 500 and so on. How crypto coins might be categorized or grouped. Could bitcoin be considered an entire index given how heavily other altcoins and forks derive value from it. That might be a good discussion and perhaps a topic that is being neglected at the moment.

I could see an coin indexes being separated by coins with limited supply like bitcoin, litecoin, dash, etc. Then on the opposite end of the spectrum an index for coins with unlimited or variable supply which can be printed-without-limit similar to fiat money. Coins could also be indexed or categorized by having "no intrinsic value" contrasting with coins "backed" by oil or a type of commodity. Some coins could be designated as being long term HODL store-of-value while others might be geared moreso for fast transactions and designated as being designed for higher volume "intended to purchase a cup of coffee" type transactions.

There are many different ways to breakdown crypto coins into indexes or categories in an attempt to better understand which direction markets are moving and what facets of coin design and implementation is moving in an upward, sideways or downwards direction.

Essentially crypto is it's own index already. Any grouping of coins based on particular attributes like whether or not they're limited in supply are artificial divisions. Ostensibly, the limited or unlimited supply should already be considered in the price of the coin, so there would be no reason to differentiate them in different indexes, and since all crypto do the same thing, no reason to subdivide them into other indexes. It's not the same with stocks, where the industrial average is (or used to be) designed to measure industrial industry and the NASDAQ is very tech heavy. S&P is the most well-rounded measure of the economy. But crypto all does the same thing, and further, most of the value of alts is because of BTC pairings, not self-sustainable demand, so an index seems like it would be highly uncorrelated to anything of value except the price of Bitcoin itself.

[TooDumbForBitcoin]

Why care about this? They are a stock exchange, they don't even know how crypto works. People say a lot of things that they will do but it is all in thin air. Don't waste your time on listening to them. Learn something about crypto at least then.

Because such launching can bring more liquidity and more participants to the market. You can be sure that NASDAQ can hire any specialists and experts in crypto markets if it will be needed to launch.