The Nasdaq wants to help clean the image of cryptocurrencies

This week he organized a meeting in Chicago to encourage the industry to do things that enhance its image and validate its potential role in world markets.

The way to eliminate the troubled transactions of its history Nasdaq Inc. think that this can help the industry to embark on the path of legitimacy.

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week held a meeting in camera in Chicago with representatives of half a dozen d & # 39; 39 companies, including traditional platforms, as well as Gemini and other crypton markets, according to a person familiar with the event.

It was to encourage the industry to do things that enhance its image and validate its potential role in world markets.

A Nasdaq spokesman declined to comment, but confirmed that the event took place. Gemini did not respond to a request for comment

Among the topics discussed were the implications of future regulation of cryptocurrencies, what tools are needed and what monitoring will be required. Nasdaq leader Adena Friedman has spoken openly about the need for regulation and her company has partnered with a number of platforms to address many of these issues. Earlier this year, for example, the Gemini trading platform of Cameron and Tyler Winklevoss hired Nasdaq to monitor bitcoin and ether transactions, as well as the auction that helps determine the price of contracts to Bitcoin term from Cboe Global Markets Inc.

"I think that over time we will discover that there is really a profit" in cryptocurrencies, Friedman said at the time. a Bloomberg event in June. The Nasdaq announced this week that it would provide technology to five crypto-active platforms, including Gemini and SBI Virtual Currencies. He did not identify the other three

It will not be the last meeting of this nature, added the person, adding that there will be a continuous dialogue between the participants. Due to its history of illiquidity, theft, fraud and the lack of child care, Wall Street has been slow to enter this market.

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For example, Bloomberg reported that the Justice Department had opened a criminal investigation into whether traders were manipulating the price of money. bitcoin and other digital currencies.