Nasdaq plans to begin offering its cryptocurrency storage services by the end of the second quarter of this year.
Ira Auerbach, who is in charge of Nasdaq Digital Assets, told a news outlet in Paris that the stock exchange group plans to get the necessary approvals from regulators and set up the necessary technical systems to offer custody services in the crypto industry. This will be the first major project of the exchange operator in the crypto industry.
Last September, Nasdaq announced its plan to enter the digital asset market. This decision is subject to the regulatory environment and the amount of competition. In the future, Nasdaq will offer services such as execution.
They will provide technology for digital asset exchanges, anti-financial crime solutions, and index solutions for tradable products. Nasdaq hopes to increase the use of digital assets and promote its development.
