Nasdaq has no plans to launch a cryptocurrency exchange

by in Cryptocurrency News


The US stock exchange Nasdaq revealed its plans to debut its digital currency storage platform in September.

However, as Nasdaq Vice President Tal Cohen said to reporters the day before, the same company does not currently have plans to establish an exchange for dealings involving virtual assets.

He claims that there are currently enough bitcoin exchanges available to meet all of the demands of investors.

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The company's priorities will be the exchange's opening and the creation and upkeep of the custodial service.

The vice president of Nasdaq also disclosed to Bloomberg that the custody platform for digital assets will provide consumers with other services, such as transporting virtual currency.

The biggest obstacle preventing the Nasdaq leadership from developing a trading platform for the blockchain business is the absence of crypto legislation in the United States.