Nasdaq Executive Vice President: The company currently has no immediate plans to launch a cryptocurrency exchange, but will evaluate opportunities

According to Chain Catcher, Bloomberg reported that Nasdaq Executive Vice President Tal Cohen stated that while Nasdaq does not have immediate plans to launch a cryptocurrency exchange, it will evaluate opportunities based on the regulatory environment and competitive landscape. Nasdaq has been focused on diversifying its revenue sources and has achieved this by outsourcing its software to crypto players and providing matching engine technology to crypto exchanges like Bitstamp. Additionally, Nasdaq has expanded its technology offerings related to protection and anti-crime software for crypto companies.

Earlier, Chain Catcher reported that Nasdaq plans to launch institutional crypto custody services, initially offering custody services for Bitcoin and Ethereum. The new product is currently awaiting regulatory approval. Nasdaq will also establish a new crypto division. Nasdaq has also hired the former head of brokerage at Gemini to lead its digital assets department. (Source link)