Nasdaq Plans to Launch a Digital Currency Storage Platform for Institutions

Nasdaq, one of the largest stock exchanges in the world, has shown interest in the cryptocurrency market for the past few years. For example, in early 2020, Nasdaq CEO Adena Friedman announced her intention to launch Bitcoin futures.

Now the platform has announced it planes to develop a platform for institutional investors that will allow them to store cryptocurrencies.

According to the company analysts, the appearance of the service for large investors will create conditions for a more active institutional acceptance of Bitcoin and other virtual currencies.

Bloomberg has reported that the stock exchange has recently created a separate division that specializes in working with digital assets headed by Ira Auerbach.