NASDAQ Prepares to Launch Cryptocurrency Custody Business

NASDAQ Inc., a global exchange, intends to begin offering custody services for Ether and Bitcoin within the next three months. Ira Auerbach, who formally worked at Gemini as its global head, will be in charge of the new business. In September, NASDAQ announced that it would enter the market for digital assets, joining other well-known financial companies such as BNP Paribas and Fidelity in providing custody services for cryptocurrency.

The company has prior knowledge of the cryptocurrency market, with several cryptocurrency exchanges having received market surveillance technologies from the group. It announced the Hashdex NASDAQ Crypto Index ETFs in Q1 2021. The company is currently working to finalize the…

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