Nasdaq driving cryptocurrencies, DX first to use its technology, but excludes the US
The stock exchanges in the world have posed different positions one from the other, reflecting positions from absolute rejection to full confidence. In the United States the exception occurs with its famous stock exchanges, related to the presence of the diversity of opinions, counting on shareholders excited by cryptocurrencies, others who are skeptical and those who consider them a problem.
Given this diversity, projects and alliances with these brokerage firms can be developed, depending on the degree of acceptance of each one. This time we bring you the case of Nasdaq, the stock market with the greatest acceptance and willingness to invest.
Nasdaq and DX, a great step for the implementation of virtual currencies in the economy
The first cryptocurrency exchange platform to use the technology of the US stock market giant, Nasdaq, revealed that it plans to launch next month in an exclusive with Finance Magnates on Monday, May 14.
Nasdaq, the second-largest stock exchange in the world by market capitalization after the New York Stock Exchange (NYSE), is providing the technology to power the new centralized crypto exchange, DX, according to the project's general manager, Daniel Skowronski. .
He called the next exchange a "one stop shop" to "exchange fiat and crypto, have coins and wallet services".
According to the report, DX will not charge commissions for operations and will open operations with the six main cryptocurrencies of the market, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). In the second stage, it is allegedly planned to add 20-25 coins, as well as "smaller tokens," Skowronski said, without specifying which particular digital assets. Skowronski told Finance Magnates:
"We are supporting the blockchain technology. And the way we can help this ecosystem to progress is by examining the tokens and making sure that the good ones are promoted. We are not going to list the coins, just because they pay us. Those who are worthy will be mentioned. "
The objective of the project is to guarantee a safe and optimal environment for the use of cryptocurrencies as methods of payment, exchange and in a future credit.
Skowronski also reports that DX will not be available to US customers. UU at the launch, although it is "in dialogue" with US regulators.
Last month, Nasdaq CEO Adena Friedman said the company "would consider becoming a cryptographic trading platform" if the market becomes more regulated.
Last week, several media reported that the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, wants its customers to buy and own Bitcoin.
It can be observed that, although there are regulations, the stock exchanges are not limited to their national restrictions, in fact, they go ahead and negotiate so that later they can be admitted. If this project is successful, encouraging the NYSE to join the use of cryptocurrencies, it may be the beginning of a wave of projects by the stock exchanges in the world, without being limited by the region where they are located.