Nasdaq holds secret meeting to legitimize Bitcoin Trader

With emerging regulations and institutional solutions, Wall Street is slowly adopting Bitcoin & Co. as a legitimate digital asset class. On July 27, 2018, the Nasdaq held a closed meeting with executives of traditional stock exchange and crypto companies to discuss the future of the crypto sector.

Nasdaq gathers crypto Round Table

Nasdaq held a secret meeting in Chicago with representatives of a dozen crypto companies and traditional stock exchanges, Bloomberg reported. Tyler and Cameron Winklevoss, co-founders of the Gemini Exchange, attended the meeting after learning that their latest Bitcoin ETF application was rejected by the U.S. Securities and Exchange Commission (SEC).

During the meeting, participants discussed the implications of future crypto regulations and the tools and monitoring technologies required to enter regulated markets. According to Bloomberg, the Nasdaq plans to hold further similar meetings in the future for ongoing discussion among participants.

Nasdaq CEO opts for Bitcoin Trader

Nasdaq CEO Adena Friedman has already taken steps to promote the Bitcoin Trader exchange of crypto currencies with a forward-looking approach to the crypto currency. In early July 2018, Gemini entered into a partnership with Nasdaq to monitor trading in Bitcoin and Ethereum through Nasdaq’s SMARTS market monitoring systems. Earlier this week, Nasdaq announced it was supplying market surveillance technologies to five crypto exchanges, including SBI Virtual Currencies and Gemini.


Friedman recently expressed optimism for the growing digital economy, saying that onlinebetrug crypto currency is the “right next step in the currency space” and that the underlying technology enables “more efficient” value transfer across borders.

Bitcoin & Co. the right next step in the currency space. CLICK TO TWEET

In a CNN podcast on May 7, Friedman stated

How it develops and which of the crypto currencies may ultimately be the one that is ultimately selected, I think that the jury is still not clear about it. But I think the idea of a more globalised payment mechanism that is more efficient than what we have today allows money to be transferred between countries and certainly supports the Internet economy.

Friedman told CNBC’s Squawk Box that the Nasdaq would even consider a crypto exchange once the sector is mature and the rules are in place. In the interview Friedman was asked if she believed in crypto currencies, to which she replied as follows: