Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Nasdaq Digital Assets"


3 mentions found


Nasdaq is pausing its plans to release a crypto custody business, CEO Adena Friedman said on the company's earnings call Wednesday. "However, we continue to build and deliver technology capabilities that position Nasdaq as a leading digital asset software solutions provider to the broader global industry." Nasdaq still provides the company listing for Coinbase and filed the paperwork for recent bitcoin ETF applications from BlackRock and others. The exchange operator first revealed plans to develop the custody solution in September along with the formation of its crypto business, Nasdaq Digital Assets. Efforts have been underway this year to create new solutions that decouple the trading and custody functions of crypto exchanges.
Persons: Adena Friedman, we've, Coinbase, Friedman Organizations: Nasdaq, Nasdaq Digital Assets, New York Department of Financial Services Locations: BlackRock
Nasdaq had 143 IPOs in the first nine months of 2022, versus 557 over the first three quarters of 2021. Friedman also said she anticipates Nasdaq's cryptocurrency custody business, Nasdaq Digital Assets, which it announced in September, to launch in the first half of 2023, pending regulatory approval. Nasdaq has also made a big push into anti-financial crimes software, with its $2.75 billion acquisition of Verafin, announced in December 2020. Friedman said she believes Nasdaq's fast-growing anti-financial crime unit could become a $1 billion-a-year business, three times its current revenue. To view the Reuters NEXT conference live on Nov. 30 and Dec. 1, please click here.
Nasdaq bets big on digital assets despite crypto turmoil
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah MoonSept 20 (Reuters) - Nasdaq Inc (NDAQ.O) is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors. The new unit, Nasdaq Digital Assets, will offer custody services for cryptocurrencies, including bitcoin and ethereum, potentially pitting it against firms such as Coinbase (COIN.O), Fidelity Digital Assets and Winkelvoss twin-owned Gemini that offer similar products. Bitcoin has crashed nearly 60% this year, driving companies such as Celsius Network and Voyager Digital Ltd to file for bankruptcy. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mehnaz Yasmin in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Total: 3