The second largest exchange in the world Nasdaq on Friday said that talks to buy Swedish supplier Cinnober trading decisions.
Cinnober is known as a company who positively perceive the digital assets and attracting institutional clients to invest in them, said CCN. One of the steps of the company in this area was the cooperation with the developer of custody solutions to institutional level BitGo. BitGo, for its part, has also signed a number of agreements that help him achieve his goals on improving the cryptocurrency sector, including agreement for the purchase of a licensed custodian Kingdom Trust and partnership with the South Korean exchange Korbit.
The recent acquisition of Nasdaq, although in this case not directly emphasizes the interest of the exchange to trade cryptocurrencies. Earlier it became known that against the backdrop of repeated failure of the Commission on securities and exchange Commission (SEC) to launch a bitcoin ETF winklevoss brothers, the Nasdaq held a meeting behind closed doors, which was attended by experts from the industry of cryptocurrency. The participants of the meeting discussed ways of legalizing cryptocurrencies along with the traditional exchange-traded products and the declination of the SEC on his side.
Commenting on the purchase of Cinnober, the CEO of Nasdaq adena Friedman stressed that their interest was aroused by the success of Swedish companies in the markets of new assets.
“Intellectual capital, technological expertise and capabilities Cinnober with our business in the field of market technologies will allow to broaden and deepen a rapidly growing division of Nasdaq. There is not only a continued rapid evolution of global capital markets, but demand for the market infrastructure technology for the new exchanges in various sectors, which will ensure rapid growth and scaling, as well as access to tools that help maintain the integrity of the market. The acquisition will expand our ability to service operators of market infrastructure around the world and will accelerate the expansion of new segments,” she said.
Cinnober has developed and acquired the technologies and solutions that could be of interest to Nasdaq. In particular, we are talking about crypto-custodian service because it is believed that the lack of reliable solutions for storage of digital assets deters institutional investors.
Self storage solutions for cryptocurrencies are also developing Goldman Sachs and some other established financial organizations.
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