Nasdaq launched Bitcoin and Ethereum custody service for institutional clients

The Nasdaq stock exchange recently indicated the launch of its custody service for cryptocurrencies that will benefit institutional clients. This was indicated to the media by the vice president of the organization, Tal Cohen, who added that Ira Auerbach, who comes from Gemini, will be in charge of this division.

The move represents a big step in the cryptocurrency ecosystem. At the moment, it will offer a custody service for Bitcoin and Ethereum. But it is planned to diversify into other digital assets.

The development of the crypto custody solution is in charge of the Nasdaq Digital Assets section. Corporate clients will subsequently have liquidity and execution services. Cohen told Diario Bitcoin: “I can’t think of a better place to bring that trust and brand to the market than Nasdaq.”

Despite the fact that the second stock market in the United States is still awaiting approval by the New York Department of Financial Services (NYSDFS), the expressions of enthusiasm from the ecosystem have not been long in coming.

Auerbach, who is in charge of the new digital asset section, told Bloomberg: “We think this next wave of the revolution will be driven by mass institutional adoption.”

M.Pino

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Source: hispanopost