Amid Intense Regulatory Scrutiny, Nasdaq is Close to Offering Crypto Custody Services

Amid Intense Regulatory Scrutiny, Nasdaq is Close to Offering Crypto Custody Services

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In order to make up for the spaces left due to bankruptcy cases of crypto firms, Nasdaq amhas announced plans to launch crypto custody services before the end of this year.

Nasdaq senior vice president and head of Digital Assets, Ira Auerbach said in a recent Blockchain week summit in Paris that Nasdaq is working on getting all necessary requirements including securing regulatory approvals prior to the launching date.

Meanwhile, Auerbach had been in charge of prime broker services at the Gemini crypto exchange, he is currently heading the custodial services group at Nasdaq.

Founded in 1971, and beyond stock exchange, Nasdaq is also a technology company that delivers platforms that improves the integrity, transparency and liquidity of the global economy.

Apart from Nasdaq, other financial giants that offer crypto custody services include Fidelity Investments, Citadel Securities, BNY Mellon, and Digital Assets amongst others.

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