Executive Vice President of Nasdaq: The company has no immediate plans to launch an encrypted exchange, but will evaluate opportunities

According to Bloomberg, Tal Cohen, executive vice president of Nasdaq, said that while Nasdaq has no immediate plans to launch a cryptocurrency exchange, it will evaluate opportunities based on the regulatory environment and the competitive landscape. Nasdaq has been focused on diversifying its revenue streams and has done so by outsourcing its own software to crypto players and providing matching engine technology to crypto exchanges such as Bitstamp. In addition, Nasdaq has expanded its protection and anti-crime software-related technologies for crypto companies. Foresight News previously reported that Nasdaq plans to launch an institutional crypto custody service, initially offering custody for bitcoin and ether. The new product is currently awaiting regulatory approval. Nasdaq will also create a new crypto division. Nasdaq also hired the former Gemini brokerage head to lead its digital assets division.