Nasdaq To Revolutionize Crypto Tech For Fostering Carbon Markets Development

Coingapestaff
December 13, 2023
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Nasdaq To Revolutionize Crypto Tech To Foster Carbon Markets Development

Nasdaq, an American stock market simplifying electronic securities trading, appears to be setting its sights on leveraging a technology it curated earlier. The technology, curated for the American stock market to venture into the crypto landscape, initially came as an effort to broaden Nasdaq’s reach into emerging markets.

However, with the suspension of the tech’s launch earlier this year, Nasdaq is now reinstating the launch with hopes of capitalizing markets. Furthermore, Tal Cohen, co-president of Nasdaq, jacks up the upcoming launch, stressing how the tech now encompasses not only digital assets but markets like carbon as well.

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Nasdaq Tech Eyes Carbon Markets

With the announcement of the redeployment of Nasdaq’s crypto tech, the electronic marketplace now aims to attract more clients globally. Moreover, to entice users toward new assets such as carbon, the platform is embarking on launching the latest tech as a technology service.

Furthermore, according to Tal Cohen, the marketplace aims for an institutional-grade, comprehensive technology platform that envisions steering not just digital assets but also emerging markets such as carbon.

Besides, Nasdaq, accompanied by numerous other vital financial institutions, appears to have taken a step back from their crypto ambitions. This comes as a result of regulators’ approach within the U.S. cryptocurrency landscape to distance the country’s financial system from digital assets.

Moreover, Nasdaq earlier proclaimed that the firm plans to advance with its technology for managing cryptos on behalf of its clients, despite the halting of ventures orbiting the sanction of a business license. Earlier this year, Nasdaq also announced plans to call off its crypto custody services, fueling speculations within the crypto realm.

Also read: Crypto Market On Edge With FOMC Meeting In Focus, What To Expect?

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Nasdaq To Attract Users Globally

The U.S. exchange operators seem to be reaping significant rewards as startups within the U.K. opt to go public in New York rather than London.

Moreover, Cohen shed light on his views, spotlighting that the firm is open to collaborating with lawmakers to enhance the region’s appeal for such listings. He further stresses structural challenges in Europe, including tax complexities and stringent regulations, portraying a willingness to engage in discussions to offer aid in addressing regulatory issues.

This marks as a significant milestone for the marketplace as it comes amid regulatory scrutiny across the global crypto realm. With its openness toward regulatory evolution, Nasdaq caught noteworthy attention globally.

Also read: Three Arrows Founder Su Zhu Faces Probe in Singapore, Jail Release Soon

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.