Is Nasdaq planning to list cryptocurrencies?
Here comes another scoop of intriguing and officially unconfirmed news - according to an anonymous source, Nasdaq, one the world’s largest stock exchanges by market capitalization, is planning to launch some cryptocurrency price prediction tools.
Nasdaq is making its own price prediction tool!?
The financial services giant is reportedly going to add some instruments to its Analytic Hub in order to help investors and other users predict price fluctuations of cryptocurrencies. To clarify, Analytic Hub is the last year project which analyzes social media information using machine learning and natural language processing.
Since Bitcoin and other cryptos are not classified yet as an asset, there are lots of opportunities for pioneers and, apparently, Nasdaq doesn’t want to miss the chance. If all goes well, it will be the first case when a traditional exchange offers trading services in digital assets. This could noticeably accelerate the crypto adoption, help institutions in executing orders more effectively and offer excellent governance.
While the details of the project are still unknown, The ICO Journal claims to be informed by its anonymous sources that the stock exchange aims to emphasize listing of the major cryptocurrencies, Bitcoin and Ethereum.
We’ll keep you informed about all updates, following the announcements from the company itself. There is possibility that the project will be announced when the regulatory uncertainty is no longer a problem, and time will test this theory.