Nasdaq, the United States stock exchange, has no immediate plans of launching a crypto exchange until there\u2019s better regulatory clarity from policymakers, said Tal Cohen, the company\u2019s executive vice president.<\/p>\n
In an interview with Bloomberg,\u00a0Cohen said that the retail side of the crypto market is fairly saturated and there are enough crypto exchanges catering to the needs of retail investors. He added that his firm would continue its focus on crypto custody services\u00a0that were launched on Sept. 20.<\/p>\n
Cohen also shed some light on other crypto-related services that the exchange is working on, namely building execution capabilities on the platform to move and transfer assets.<\/p>\n
The world\u2019s second-largest stock exchange might be hesitant to launch a crypto exchange in the United States, but the firm partnered with Brazil\u2019s leading brokerage service provider XP to launch a crypto exchange last year itself.<\/p>\n
The crypto market has gone through another price cycle like clockwork, but policymakers in the United States are yet to offer a clear framework to bring crypto markets under the purview of the law. <\/p>\n
The U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, has been quite outspoken about the vulnerabilities that the nascent market posses. Yet, despite numerous calls for clearer regulations from Congress, the U.S. hasn\u2019t made much headway on the regulatory front. <\/p>\n