In an interview with Fortune magazine, Nasdaq CEO Adena Friedman outlined how the organization embraces blockchain technology. Nasdaq’s ‘Market Technology’ division that sells solutions to other exchanges is currently used by at least nine crypto exchanges.
Friedman credited its technology for helping to weed out the market manipulation that is often a feature of crypto markets.
However, Friedman made it clear there are limitations. “The crypto trading technology today is just not in a position to be able to support the level of trading activity that we experience in the equities and options markets. We’re dealing with 3 million messages a second, 62 billion messages in an eight-hour period,” she said.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
