How does NASDAQ benefit the cryptocurrency market?

3 answers

• Dec 20, 2021 · 3 years ago
  NASDAQ's involvement in the cryptocurrency market brings credibility and legitimacy to the industry. As a well-established and regulated exchange, NASDAQ provides a trusted platform for trading cryptocurrencies, which helps to attract institutional investors and increase liquidity. This increased liquidity can lead to tighter spreads and improved price discovery, benefiting both traders and investors. Additionally, NASDAQ's involvement can help to improve the overall perception of cryptocurrencies, making them more widely accepted and adopted by mainstream investors and businesses.
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• Dec 20, 2021 · 3 years ago
  NASDAQ's entry into the cryptocurrency market is a game-changer. With its extensive experience in traditional financial markets, NASDAQ brings a level of professionalism and expertise that was previously lacking in the crypto space. This can help to reduce the risks associated with trading cryptocurrencies and attract more institutional investors who were previously hesitant to enter the market. Furthermore, NASDAQ's involvement can also lead to the development of new financial products and services, such as cryptocurrency derivatives and ETFs, which can further enhance the accessibility and liquidity of cryptocurrencies.
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• Dec 20, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the benefits of NASDAQ's involvement in the cryptocurrency market. NASDAQ's reputation and expertise can help to attract more users to the platform, increasing trading volume and liquidity. Additionally, NASDAQ's involvement can also lead to improved security measures and regulatory compliance, which are crucial for maintaining a safe and trustworthy trading environment. Overall, NASDAQ's presence in the cryptocurrency market is a positive development that can contribute to the growth and maturation of the industry.
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