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Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO (coindesk.com) 38

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. From a report: The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. "Certainly Nasdaq would consider becoming a crypto exchange over time," Friedman remarked, adding: "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors... I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature. Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."
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Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO

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  • by OrangeTide ( 124937 ) on Wednesday April 25, 2018 @01:18PM (#56500991) Homepage Journal

    Being an exchange is zero risk, and you get a slice of all the action. No need to worry about the latest mining hardware, or losing your shirt in the wildly unstable cryptocurrency market.

  • by sinij ( 911942 ) on Wednesday April 25, 2018 @01:20PM (#56501005)
    Maybe we can push more ICOs. Lets also repackage these ICOs into derivatives and roll them into every security that is being sold. Then gamble on futures using hedge funds with borrowed money.

    What could possibly go wrong?
    • What could possibly go wrong?

      Not much, actually.

      A few idiots will lose their pensions speculating on Bitcoin but it can't crash the economy like when they did it with houses.

      • If the bubble grows large enough, of course it can. Even banks and pension funds will find some indirect way to be exposed, the financial industry will find a way. The pensioners and blue collar workers who invested themselves won't be consuming much for a while.

        The economy does well at low inequality and high wealth, tulip mania creates a highly unequal distribution of wealth in collapse.

  • Step 4 (Score:5, Funny)

    by Aaden42 ( 198257 ) on Wednesday April 25, 2018 @01:51PM (#56501147) Homepage
    Nasdaq "would consider" selling your grandma into slavery if it were deemed profitable and the the regulatory environment shifted / was purchased appropriately.
    • Sounds like a bargain!
      She could pay my student tuitions then!
      Unfortunately she died 2 years ago at age of 89 and I'm 51 now ...

    • by I4ko ( 695382 )

      "Would consider" means nothing more than "would consider". Translation into simple English "would think about". One can think about many things, real, surreal, irreal, rational, irrational, possible, impossible, legal, illegal, etc. The thinking about something means nothing. It is decision that is reached that is important.

      For example I would consider drinking a bottle of vodka. And I would decide "no".

  • What value do these crypto currencies even create? I just dont understand it. Atleast "real" currency sort of has some government backing to it. Maybe wrong wording for it but I dont get what value there is in crypto currencies.
    • At least "real" currency sort of has some government backing to it.

      That is a bug, not a feature. Most of these governments are highly indebted and have a vested interest in using inflation to monetize that debt.

      No government backs gold. Over the last century, the US dollar has lost 98% of its value against gold. Most other "government backed" currencies have done even worse.

      Is a hen house more secure when there is a fox to guard it?

      • Is a hen house more secure when there is a fox to guard it?
        Of course it is! You get everything wrong again!

        Enemy cocks/roosters have it much more difficult to get inside!

      • True wealth of a nation is productive and human capital.

        There is no significant value stored in money on a national scale, it's a means to an end ... an inflationary currency is a better means to the end than a deflationary one.

        • IMO, the advantages/disadvantages of a little inflation/deflation are overblown by both crypto fans and crypto critics. However, in a serious financial crisis, I believe the problems of deflation getting out of hand are very real, and not exaggerated at all.

  • posting to reverse bad moderation
  • if slavery wasn't against the law. They'll do whatever makes money and to devil with consequences.

From Sharp minds come... pointed heads. -- Bryan Sparrowhawk

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