Winklevoss Twin’s Gemini and Nasdaq Get Cozy, Joint Venture for Token Listing Looming?
Gemini Tightens Relationship with Nasdaq in Attempt to List Tokens
The recent secret meeting that occurred in Chicago between different crypto leaders and Nasdaq’s council was responsible for a meaningful conversation that leads to the potential release of cryptocurrency on the stock exchange. The cryptocurrency movement is closer than ever to hit the Nasdaq and Gemini thanks to the Winklevoss twins push. Although their proposal was rejected, it set events in motion that would affect the world’s economy from a cryptocurrency and stock exchange standpoint. The new plan is to list top market coins on the exchange for global trading to occur.
Plans are set in motion now to increase the relationship between cryptocurrency companies and exchanges like NASDAQ and Gemini. At the very least, Ethereum and Bitcoin will be listed as entities ready for worldwide trade. The new environment will be able to accurately track cryptocurrencies while staying in accordance with the proper regulatory commissions.
Gemini is the first of the exchanges to get a move on in a way that has positively impacted the community. Nasdaq is predisposed to create the correct type of infrastructure needed to see tokens traded on the exchange. It’s only about ETF either; it’s about the baseline functionality of cryptocurrency tokens. They’re becoming more likely to abide by a stable structure like that set-in-place by Gemini or Nasdaq. The time for taking cryptocurrency mainstream is near; there are just some critical decisions that need to be made before it can happen.
Another information source has reported that both Nasdaq and Gemini are getting more comfortable with cryptocurrency. Just as important is the two platforms growing comfort with each other. It’s going to take more than one system to make cryptocurrency operate appropriately for mainstream usage. Hopefully, by the end of the second quarter 2019, investors will see tokens listed on Nasdaq. People are planning on the new venture to happen, especially since the competitive nature of investors is fierce. Along with Nasdaq, there is ICO, CBOE, and CME – and the major cryptocurrency players want to see coins listed on them all – some of the largest financial exchanges in the world.
There have been plenty of other secret meetings that are moving the proposals forward. No one can deny the fact that the ball is rolling, so it’s only a matter of time before we see cryptocurrency traded on the major exchanges of the world. There are still plenty of discrepancies that need to be considered, particularly the acceptance of crypto by larger institutions. Luckily there are people out there like the Winklevoss twins who are working hard to get cryptocurrencies like Bitcoin accepted by more prominent institutions like banks and stock exchanges.