News : Nasdaq strikes crypto hattrick with Cinnober acquisition

Hi Steemians,

Just wait for the some more good news for bull run, it's near:

Yet again, Nasdaq has made another crypto score. The world’s second largest stock exchange is making its way deeper into the crypto market. As per the latest announcement, the exchange is in the process of acquiring a Sweden-based trading solution provider, Cinnober.

Cinnober is already into digital assets through its partnership with institutional-grade crypto custody security provider, BitGo. Also, recently BitGo received regulatory approval to be a qualified custodian service provider for about 75 cryptocurrencies to institutional investors.

Cinnober, a major financial technology provider to exchanges, brokers, and clearinghouses globally, has been acquired by Nasdaq in an all-cash deal of $190 million.

Adena Friedman, president, and CEO of Nasdaq stated:

“The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.”

Friedman further shares the growth of capital markets and new segments:

“Not only the global capital markets continued to evolve rapidly, but new marketplaces in various industries are also demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.”

Copied from : https://coingape.com/nasdaq-acquiring-swedish-fintech-cinnober/

Cheers