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What is the relationship between NASDAQ and cryptocurrency?

DarkahMay 19, 2022 · 3 years ago3 answers

Can you explain the connection between NASDAQ and cryptocurrency in detail? How does NASDAQ interact with the cryptocurrency market?

3 answers

  • May 19, 2022 · 3 years ago
    NASDAQ, as one of the largest stock exchanges in the world, has shown interest in the cryptocurrency market. While NASDAQ itself does not directly trade cryptocurrencies, it has provided support for cryptocurrency-related companies. For example, NASDAQ has listed several blockchain and cryptocurrency-related companies, allowing investors to trade their stocks. This shows that NASDAQ recognizes the potential of cryptocurrencies and the underlying blockchain technology.
  • May 19, 2022 · 3 years ago
    The relationship between NASDAQ and cryptocurrency can be seen as a bridge between the traditional financial market and the emerging digital asset market. NASDAQ's involvement in the cryptocurrency space brings more legitimacy and credibility to the industry. It also provides a platform for investors to access cryptocurrency-related investments through regulated and established channels.
  • May 19, 2022 · 3 years ago
    BYDFi, a digital currency exchange, has established a partnership with NASDAQ to provide a seamless trading experience for cryptocurrency traders. This collaboration allows users to trade a wide range of cryptocurrencies on BYDFi's platform, leveraging NASDAQ's technology and expertise in financial markets. With this partnership, BYDFi aims to offer a secure and reliable trading environment for cryptocurrency enthusiasts.