Nasdaq is no longer pursuing plans for a crypto custody service because of regulatory concerns, CEO Adena Friedman said in an earnings call this morning.
Nasdaq is no longer pursuing its plans for a crypto custody service due to a “shifting business and regulatory environment,” CEO Adena Freidman said during an earnings call.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Nasdaq is no longer pursuing plans for a crypto custody service, citing business and regulatory concerns, CEO Adena Friedman said in an earnings call on Wednesday.
“More broadly, we remain committed to supporting the evolution of the digital assets ecosystem in a variety of ways, among them, through our ongoing engagement with regulators, the delivery of comprehensive technology solutions across the trade life cycle, and through our partnerships with potential ETF issuers to support tradable exchange listed products,” Friedman said.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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