Cryptocurrencies
Nasdaq to Wait for Regulation Before Launching Crypto Exchange
- “Market is fairly saturated” on retail side, says Tal Cohen
- Nasdaq announced last month it would focus on crypto custody
A trading bell hangs in front of Nasdaq signage.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
Nasdaq Inc. will likely wait until there is greater regulatory clarity and institutional adoption around crypto exchanges before debuting plans to launch one of of its own, says Tal Cohen, the company’s executive vice president and head of North American markets.
“Those are discussions we are happy to have,” Cohen told Bloomberg TV on Tuesday. “But right now, on the retail side, the market is fairly saturated,” he added. “There’s a number of exchanges servicing the retail customer base.”