Nasdaq Needs Clear Regulations To Launch Crypto Exchange VP

Nasdaq said the retail side of the crypto market is currently quite saturated, with many service providers seeking to meet the needs of retail investors.< /p> New

The Nasdaq, the U.S. stock exchange, has no immediate plans to launch a crypto exchange until there is regulatory clarity from policymakers, says Tal Cohen, executive vice president of the company.

In an interview with Bloomberg, Cohen said that the retail side of the crypto market is quite saturated and there are enough crypto exchanges to meet the needs of retail investors. He added that his business would continue to focus on crypto custody services which launched on September 20.

Cohen also shed some light on other crypto-related services the exchange is working on, namely building execution capabilities on the platform to move and transfer assets.

The world's second-largest exchange might be hesitant to launch a crypto exchange in the US, but the company has teamed up with leading Brazilian brokerage service provider XP to launch a crypto exchange itself this year. last.

The crypto market has gone through another price cycle like clockwork, but policymakers in the US have yet to come up with a clear framework to put crypto markets under the law .

The United States Securities and Exchange Commission (SEC), headed by Gary Gensler, has spoken openly about the