Nasdaq, Inc.

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Nasdaq, Inc.
Founded Feb. 8, 1971
Headquarters New York, NY, USA
Key People Adena Friedman, CEO
Employees 4,325 employees
Products Exchange offering products covering multiple asset classes
Twitter @Nasdaq
LinkedIn Profile
Facebook Nasdaq
Website Nasdaq Home

Nasdaq (Nasdaq: NDAQ) is a global provider of trading, clearing, exchange technology, listing, information and public company services. Nasdaq is the creator of the world's first electronic stock market, and its technology powers more than 90 marketplaces in 50 countries, and 1-in-10 of the world's securities transactions. It is home to more than 3,900 listed companies with a market value of approximately $12 trillion and approximately 18,000 corporate clients.[1]

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Nasdaq and Cryptocurrency

Nasdaq's current CEO, Adena Friedman, said that she is "optimistic" about the future of cryptocurrency and blockchain/distributed ledger technology, and that it "feels like the right next step in the space of currency."[2] She also said in April 2018 that Nasdaq is open to launching a cryptocurrency exchange in the future, once the market "matures."[3][4] Then in June, Friedman said that cryptocurrencies are at "the height of hype," and that they will become a "financial element of the Internet."[5][6]

In late July, Nasdaq hosted a secret meeting in Chicago, Illinois. The meeting included representatives from traditional exchanges as well as cryptocurrency exchanges, including Gemini. The group discussed a number of issues in the current crypto trading space, including the need for adequate market surveillance, as well as the implications of future crypto market regulation.[7][8]

In late November Gabor Gurbacs, the director of digital asset strategy for investment management firm VanEck announced at Coindesk's Consensus: Invest conference that the firm had partnered with Nasdaq. According to Gurbacs, the purpose of the partnership was to "bring a regulated crypto 2.0 futures-type contract" to the crypto markets.[9]

With a focus on digital transaction processing, machine learning and artificial intelligence, emerging marketplaces and data & analytics, Nasdaq Ventures is the funding arm of Nasdaq. On December 4, 2018, ErisX, a cryptocurrency futures and spot exchange, announced that Nasdaq Ventures had participated in its second, pre-revenue round of funding.[10]