Nasdaq CEO Says Company 'Open' To Becoming Crypto Trading Platform When Market Matures

The CEO of Nasdaq said that the stock market could become a platform for trading cryptocurrencies in the future, if the market becomes more regulated, CNBC's Squawk Box reports Wednesday, April 25.Nasdaq CEO Adena Friedman said during an interview that "Certainly Nasdaq would considering become a crypto exchange over time." Friedman believes that cryptocurrencies "Will continue to persist," the only caveat being the amount of time it will take for the crypto sphere to mature.

"'It's time, people are ready for a more regulated market, for something that provides a fair experience for investors.

Nasdaq has already entered the crypto sphere, as earlier today the stock exchange and the Gemini crypto exchange owned by tech investors the Winklevoss twins announced a partnership.

Gemini will be able to use the Nasdaq's SMARTS Market Surveillance Technology to alert the exchange to suspicious trade behavior, potentially preventing market manipulation.

"ICOs need to be regulated. The SEC is right that those are securities and need to be regulated as such."

The US Securities and Exchange Commission launched a cryptocurrency probe earlier this year.

The SEC and the Commodity Futures Trading Commission had also held a cryptocurrency hearing that concluded that while ICOs needed stricter regulations, cryptocurrencies needed smart policies to promote innovation.