What will be the effects of stock exchanges company Opening crypto exchange

[ahmedbrown]

There is a report Nasdaq is going to open its Crypto Exchange Next Month!

Nasdaq is 2nd largest stock market exchange in world in terms of volume! Total volume of Nasdaq exchange is 9 trillion usd!

Current Bitcoin price is at 8k usd with 141 billion usd marketcap! If only 5% (of 9 trillion usd )
Nasdac volume comes into the bitcoin market which is 450 billion usd! Then the expected will be huge

Can this be possible interms of regulations and if possible what will be effects on bitcoin and cryptocurrency as a whole.


Lets wait and see how it goes!

[BrewMaster]

as far as i can remember NASDAQ was planning on opening a bitcoin futures market not a bitcoin exchange market and they are different from each other. the Futures is like what GME group did last year.

in both cases it will be another good news for bitcoin and it can increase the demand and popularity of bitcoin. but if they really open a bitcoin exchange then it will be a huge good news for bitcoin because it will be a regulated and trusted place which you know is not going to run away like all the current exchanges and that can bring a large number of investors in bitcoin.

[Tankdestroyer]

I have researched about it and it seems to be a legit one(since it came from trusted sources of news, specially fxstreet and cointelegraph's report). Them entering crypto space will surely attract more attention from regulators and we might see new regulation laws concerning crypto sprouting one after the other. On the good side, Market cap of all cryptocurrencies, not just bitcoin would be greatly affected as well as their price. It would also bring good publicity for bitcoin and cryptocurrencies.