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$10 Trillion US Exchange Takes a Step Toward Crypto: Nasdaq Bids for Cinnober
News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could also be a significant first step for the $10 trillion Nasdaq into the world of crypto. Adena Friedman, President and CEO, Nasdaq explained, “The combined intellectual capital, technology competence and capabilities of Cinnober ... (full story)