Nasdaq has launched a new dedicated digital assets unit to cater to institutional investors. The move by the second-largest stock exchange by market capitalization globally could mark a ballistic price recovery point for the struggling cryptocurrency market.
In a statement to Bloomberg, Nasdaq officials said that the digital assets unit has been launched in response to persistent institutional interest and demand for crypto services.
According to Tal Cohen, Nasdaq's executive vice president and head of North American markets, the unit will initially offer custody services for Bitcoin (BTC) and Ether (ETH).
Other services, including execution services and liquidity services, will be built off the initial custody offer. “Custody is foundational.Read more on cryptonews.com