April 26, 2024

Nasdaq: cryptocurrencies will play a significant role in the global economy

Nasdaq Chief Executive Officer Adena Friedman told Bloomberg that the second-largestThe world stock exchange is still considering launching bitcoin-based futures.

According to her, the company is currentlyassesses the feasibility of launching such products, negotiating with various representatives of the industry. Friedman added that Nasdaq would like to launch a competitive financial instrument that is different from those already on the market. In addition, the company is concerned about ensuring effective risk management in the context of new products.

“The first thing you need to make sure when creating a product is whether people will use it differently than they do now- said Adena Friedman. -We could use our NFX license to do this, but we need to make sure that everything is in place in terms of risk management."

Friedman also stressed that cryptocurrency-based exchange products are already being traded at the Nasdaq Nordic subsidiary.

According to her, Nasdaq is confident that cryptocurrencies "will play a significant role in the global economy."

Recall that initially the launch of bitcoin futures on Nasdaq was planned in the first half of 2019.

Also earlier, ForkLog reported that Nasdaq added a CIX100 index based on 100 crypto assets.