Nasdaq Will Offer Crypto Regulatory Services For Institutions

 Exchange operator, Nasdaq is reportedly about to launch Bitcoin (BTC) and Ethereum (ETH) cryptocurrency supervision services to institutional investors.

This move aims to expand the range of services of operators in the crypto market and grow a new group for digital assets.

The new group will be headed by Ira Auerbach where he will be tasked with overseeing the main brokerage services at the Gemini crypto exchange.

Moreover, the company's efforts will be implemented at a time when institutional investors are already interested in cryptocurrencies despite unfavorable macro conditions.

Also recently, Blackrock joined forces with Coinbase in enabling BTC trading to its investors, while the crypto exchanger will be created with the collaboration of Charles Schwab Corp., Fidelity Digital Assets, Citadel Securities and Virtu Financial.

According to Tal Cohen, Nasdaq's executive vice president, institutional use of crypto on a large scale will bring about a revolution, and he feels that Nasdaq is the best platform to further develop the crypto market.

Apart from crypto supervision services, Nasdaq also plans to offer execution services and liquidity services.

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