It’s been revealed that an important stock exchange will be launching crypto custody services by June. Check out the latest reports about this below.
US stock exchange to launch crypto custody services by June
The parent company of a major US stock exchange is reportedly looking to launch crypto custody services by June.
According to a new report by BNB Bloomberg, Nasdaq INC., the owner of the New York-based Nasdaq Stock Exchange, expects its crypto custody services to be available by the end of Q2 2023.
Ira Auerbach, head of Nasdaq Digital Assets, told Bloomberg in an interview that the firm is currently in the process of acquiring the regulatory consent and necessary infrastructure it needs to launch.
As the online publication the Dialy Hodle noted, back in October, Tai Cohen, Nasdaq’s executive vice president and head of North American markets, said that the firm also plans to expand the crypto services they offer, such as providing liquidity, as well as embrace regulations.
“Custody is foundational. Off the back of custody, we can start to develop other solutions, offer execution services, liquidity services, and think about how we support new markets…”
He continued and stated the following:
“We know how to operate under regulatory regimes, and we continue to innovate under the rules of the road. Embracing regulation as it comes is something we do. And institutions want us to operate under that framework.”
US SEC continues to battle crypto market
It’s been just revealed the fact that the U.S. Securities and Exchange Commission (SEC) issued an “investor alert” about digital assets this week, arguing that investments in the crypto space carry significant risk and could vanish entirely.
The SEC says crypto asset service providers like exchanges could be in violation of federal securities laws for failing to register with the agency. Check out the previous article that we shared.