Nasdaq Technology-backed Crypto Exchange Announces Launch Plans

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It’s been a week of major news for Bitcoin, as we’ve seen the cryptocurrency take several huge steps into the mainstream. While not the biggest story of the moment, it’s certainly noteworthy to hear that American stock market superpower Nasdaq is now ready to unleash its own crypto-focused technology on the world.
Nasdaq is a name that’s synonymous with the financial sector, as its global impact is almost unmatched. So, when the second-largest stock exchange in the world announces that it has crypto plans – albeit in a third-party fashion – it’s certainly going to generate attention. According to the recently announced plans, Nasdaq will be powering new centralized crypto exchange DX. Speaking on what DX will be, Daniel Skowronski (DX CEO) said that it’s a “one-stop-shop, exchanging fiat and crypto, holding coins and as well as wallet services.”
DX is also attempting to push through a fee-free exchange service, at least with regards to the world’s leading six cryptocurrencies. Bitcoin, Ethereum, Litecoin, and Bitcoin Cash will be part of the first round of cryptocurrencies offered, with a second stage already planned to cover smaller coins. The full-scale platform should go on to include around 25 tokens. Skowronski believes that launch of DX will be a positive step for the cryptocurrency market as a whole, “We are supporting blockchain technology. And the way we can help this ecosystem to progress is by vetting the tokens and making sure the good ones are promoted. We are not going to list coins, just because they pay us. Those who are worthy – will be listed.”
Even though it was largely expected, DX will not be a US-friendly platform at launch. But, Skowronski has addressed these concerns and feels that a US launch is likely in the future. DX has stated that is it is “in a dialogue” with US regulators, which can only be seen as a positive sign.
Nasdaq’s flirtation with Bitcoin and the cryptocurrency market, in general, has become rather prominent in recent weeks. News regarding its decision to back DX comes hot on the heels of Adena Friedman’s (Nasdaq CEO) announcement that the exchange will strongly consider becoming a crypto trading platform – should the market become clearer with regards to regulation.
Bitcoin hasn’t been out of the headlines lately, as its level of mainstream adoption has reached yet another level. Leaked emails from New York Stock Exchange parent company International Exchange (ICE) has shown that it’ll soon move forward with plans to allow customers buy and hold Bitcoin.