NASDAQ is about to start working with Crypto

Lebedev

Lebedev

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Jun 26, 2018
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Nasdaq has recently announced that they have been cooperating with the crypto industry because they see high potential in it.

How the Forbes informs us recalling its private trustworthy sources, one of the world's largest stock exchanges Nasdaq have chosen 7 most reliable and technically developed cryptocurrency platforms, that are going to use their specialized soft in order to prevent scams and manipulations over the market.

NASDAQ-Stabilizes-Crypto-Market-with-Strong-Committment-to-Bitcoin-BTC-Futures-696x449.jpg


These are extremely important problems that have never been solved, but probably will be such in the shortest time. If you're wondering and have never heard of giant quantity of scammers in the crypto industry, you should go here:

How to keep your Money, especially Crypto, away from Scammers - HYIP.com

At the moment we can say for sure about two stock exchanges that were approval for use of Nasdaq's software - these are Gemini and SBI Virtual Currency. Very important aspect, mentioned by the company, is that it is very unusual for them to check someone before being in partnership with it, but it is absolutely necessary to find out everything about your potential partners when you're working in crypto industry.

The regulation office head Tony Sio described the instruments they use and phases they make companies interested in using unique Nasdaq technologies to go through. What is more, not many of those who had like to become their partners are finally are.

Talking about the factors they take in count he stated that the most important one in the crypto industry is business model of a company - assets reputation and potential of its usage in criminal purpose, for example, sell of drugs or money laundering.

Another aspects you should pay attention to are the history of project as well as every member of its team and, what have never mentioned before, the way the project identifies its users.

Nasdaq is also paying accurate attention to listing algorithms and transparency of the process. For example, lots of stock exchanges do the listing privately, what gives huge opportunities to fraud such as scam accomodation on different exchangers.
 
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