Nasdaq EVP: No Immediate Plans to Launch Crypto Exchange, but to Evaluate Opportunity

While Nasdaq has no immediate plans to launch a crypto exchange, it will evaluate the opportunity based on the regulatory environment and competitive landscape, Tal Cohen, the company’s executive vice president, said. Nasdaq has been focused on diversifying its revenue sources -- and already does so by outsourcing its own software to crypto players and providing matching engine technology to crypto exchanges like Bitstamp. Nasdaq also expanded the technology it offers crypto companies tied to protection and anti-crime software. The Block previously reported that Nasdaq was preparing to launch an institutional crypto custody service.