Nasdaq Crypto Custody Incoming

The NASDAQ is set to launch its institutional crypto custody services in a few months, according to a report by Bloomberg. 😱

This move comes as the cryptocurrency industry continues to grow in popularity, despite regulatory FUD and government disdain.

Institutional investors are increasingly looking to invest in cryptocurrencies, and Nasdaq’s custody services will provide them with a secure way to do so.

Nasdaq is not the only traditional financial institution that is entering the cryptocurrency space. Goldman Sachs ($GS) and Morgan Stanley ($MS) have announced plans to offer crypto custody services.

The entry of these major financial institutions into the cryptocurrency industry is a sign of the growing maturity of the market. It is also a sign of the increasing demand for institutional-grade crypto custody services.

And it’s just another example of why the only thing bearish in the crypto space is price action – adoption by traditional money continues to grow every year. 

The exchange will reportedly offer custody services for $BTC, $ETH, and other major cryptocurrencies. 💪

More in   Crypto

View All

News In Three Sentences – February 28, 2024

Great Zeus’s Beard That’s A Lot: BTC ETF trading volume spiked over $7.5 billion, more than double its previous record. 😱 WatcherGuru has more

BlackRock Turns Bitcoin ETFs into Its Own Personal Money Printer: BlackRock’s ($BLK) massive $520 million infusion into $BTC ETFs, combined with Europe’s unrelenting buying spree and a nifty GBP arbitrage opportunity on $COIN, propelled Bitcoin past the $60,000 mark despite expectations of a pause. Short-sellers everywhere are now questioning their life decisions. 🚀    Read more from TrustNodes

Read It

BlockFi Customers Rejoice!

BlockFi’s customers might finally feature a financial comeback, thanks to a deal with FTX and Alameda Research. 😍

How much? Up to $874 million, contingent on court approval. This settlement could be the lifeline for customers left adrift after the 2022 crypto upheaval.

Read It