Nasdaq Reportedly Prepares Crypto Custody Services for Institutions
The company reportedly created a new group focused on digital assets and recruited Ira Auerbach, who previously worked at Gemini, to lead the unit. < /p>
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As more and more institutions take an interest in cryptocurrencies, multinational financial services firm Nasdaq has reportedly begun preparations to offer digital asset custody services to institutional clients.
According to a Bloomberg report, the company has created a new group focused on digital assets and will begin offering Bitcoin (BTC) and Ether (ETH) custody services to institutions. The company has also brought in Ira Auerbach, who previously led prime brokerage services at crypto exchange Gemini, to head up its new digital assets division.
In the report, Auerbach expresses his belief that the next wave of financial revolution will be driven by institutional adoption. According to the executive, there is no better place than the Nasdaq to build confidence in the market.
In May, Nasdaq partnered with Brazilian company XP to create a digital asset exchange called XTAGE. Roland Chai, a Nasdaq executive, said the partnership with XP will bring new opportunities for investors and other companies. According to XP, the exchange is expected to launch in 2022.
Related: Fidelity to 'Shift' Retail Customers to Crypto Soon - Galaxy CEO
In a recent interview with Cointelegraph, BitMEX CEO Alexander Höptner predicted that after the Ethereum merger - when the network moved to a
The company reportedly created a new group focused on digital assets and recruited Ira Auerbach, who previously worked at Gemini, to lead the unit. < /p>
New
As more and more institutions take an interest in cryptocurrencies, multinational financial services firm Nasdaq has reportedly begun preparations to offer digital asset custody services to institutional clients.
According to a Bloomberg report, the company has created a new group focused on digital assets and will begin offering Bitcoin (BTC) and Ether (ETH) custody services to institutions. The company has also brought in Ira Auerbach, who previously led prime brokerage services at crypto exchange Gemini, to head up its new digital assets division.
In the report, Auerbach expresses his belief that the next wave of financial revolution will be driven by institutional adoption. According to the executive, there is no better place than the Nasdaq to build confidence in the market.
In May, Nasdaq partnered with Brazilian company XP to create a digital asset exchange called XTAGE. Roland Chai, a Nasdaq executive, said the partnership with XP will bring new opportunities for investors and other companies. According to XP, the exchange is expected to launch in 2022.
Related: Fidelity to 'Shift' Retail Customers to Crypto Soon - Galaxy CEO
In a recent interview with Cointelegraph, BitMEX CEO Alexander Höptner predicted that after the Ethereum merger - when the network moved to a
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