Is NASDAQ halting its plans to launch a cryptocurrency custody business?
In recent developments, NASDAQ, a global leader in technology-driven markets, had been rumored to be exploring the launch of a cryptocurrency custody business. However, there have been conflicting reports regarding the status of these plans. Could you elaborate on the current situation? Are NASDAQ indeed halting their ambitions to enter the cryptocurrency custody market? If so, what are the main factors behind this decision? Could regulatory constraints, market conditions, or technical challenges have played a role? It would be highly valuable to gain insight into the company's rationale and whether we should expect any changes in their cryptocurrency strategy in the future.
Why did NASDAQ stop launching its own cryptoasset custodian?
Could you please elaborate on the reasons behind NASDAQ's decision to halt the launch of its own cryptoasset custodian? Was it due to regulatory concerns? Was the market environment not conducive to such a move? Or were there other factors at play? It would be interesting to understand the rationale behind this decision and how it might impact the cryptocurrency industry at large. Could you provide some insights into NASDAQ's future plans in the crypto space, given this recent development? Thank you for your time and expertise in this matter.
Is NASDAQ launching a crypto custody service?
Could you clarify, is NASDAQ indeed initiating a crypto custody service? I've heard rumors about this but I'm eager to get a concrete answer. If so, could you elaborate on the details of this service? What cryptocurrencies will it support? How does NASDAQ plan to ensure the safety and security of these digital assets? And finally, how does this move align with NASDAQ's broader strategy in the cryptocurrency and finance landscape?