NASDAQ’S CEO ENDORSES CRYPTO MARKET LEGITIMACY AND POTENTIAL

The last months of up and downs and he debate about regulation, with state controlling entities like the American SEC making their moves to stop the growing proliferation of questionable ICOs and cryptocurrencies, seemed to some observers the end of the all crypto frenzy.

But, what actually happened is not only a steady recovery in the value of the major cryptos, but also some major endorsements to the cryptocurrencies legitimacy and potential in evolving into what the operators of the new wave of investment are working for: make crypto currencies a staple in the future of investing.

The latest of those endorsements came from Nasdaq CEO Adena Friedman on Wed, April 25. In an interview to CNBC’s Squawk Box she said: “I believe that digital currencies will continue to persist it’s just a matter of how long it will take for that space to mature,” Friedman said. “Once you look at it and say, ‘do we want to provide a regulated market for this?’ Certainly Nasdaq would consider it.”

Of course, this is not like saying that Nasdaq has a plan ready to go, but that it is certainly looking at the crypto market with more than just a little bit of interest: “Certainly Nasdaq would consider becoming a crypto exchange over time,” in the words that that the Nasdaq CEO Adena Friedman shared with CNBC’s Squawk BoxWednesday. “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors.”

The interest of the second-largest stock exchange in the world by market capitalisation cannot go unnoticed, it is a message to the world markets that says: the crypto market is here to stay, it might need adjustments and new sets of regulations, but we are facing it is not a bubble.

But, Nasdaq’s CEO words are not an isolated encouraging sign for the new wave of investing and cryptocurrencies. In January, Soros’ Fund Management macroeconomic trades manager Adam Fisher, seems to have gotten the internal green light to start trading virtual currencies.

The Toronto Stock Exchange owner TMX Group Ltd. announced recently the launch of a cryptocurrency brokerage service, operated in partnership with Paycase Financial Corp., a company specialising in decentralised financial services.

The Canadian stock exchange giant’s move (TMX is among the ten most important exchanges in the world) represents another endorsement of the emerging investors’ desire to operate both within the traditional and the crypto markets alike.

Another reassuring signal for investors and operators in the nascent digital-asset market came from Gemini Trust Co., owned by the Winklevoss twins, Cameron and Tyler. Gemini, which operates of one of the largest U.S.-based cryptocurrency exchanges, has announced a deal with Nasdaq to conduct for them market surveillance for Bitcoin and Ether trading, as much as “the auction to help price Cboe Global Markets Inc.’s Bitcoin futures.”

Nasdaq’s CEO Adena Friedman comments were positively welcomed by experts and market operators like Ziad Abdelnour, President and CEO of Blackhawk Partners, a New York investment firm. He significantly said to Forbes: “If you think it’s too late to participate in what could be the most profitable market of all time, you are dead wrong. The industry is still in its infancy despite the explosive growth over the last year. There are hundreds of cryptocurrencies available — the trick is finding those that have the best odds of becoming viable long term.”

Another endorsement to the potential of a nascent market that is sending a clear message: this is not only the future of investing but also its present. The cyptocurrency $433 billion sector represent a real market and the investors are already recognising it as an opportunity.

Now the potential and the legitimacy of the crypto markets is getting the attention it deserves not only from regulators all over the world, but also from established and respected players like Nasdaq. This kind of recognition and it’s only but good news for startups like Elpis Investments that are focusing on transparent and efficient practices to reach potential investors and backers.

Because transparent practices and the work of serious, well-established operators are both necessary conditions to limit the impact of questionable ICOs that overflew the crypto markets in recent months.

Giuseppe Solinas

Chief Editor of Elpis Investments, The first AI Crypto-Assets Investment Fund: www.elpisinvestments.com, info@elpisinvestments.com

If you want to join the investing revolution, check our Crypto-equity ICO atwww.elpisinvestments.com, to know more about Elpis ICO.

Originally published at medium.com on April 27, 2018.