Crypto GlossaryNASDAQ
NASDAQ
NASDAQ is an automated, electronic marketplace for buying and selling securities, including stocks, cryptocurrencies, and other financial assets. It stands for 'National Association of Securities Dealers Automated Quotations'. In the context of cryptocurrency, NASDAQ refers to the crypto trading platform that facilitates the exchange of various digital assets.
Examples:
- NASDAQ lists popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) for trading alongside traditional stocks.
- Traders can buy and sell crypto assets on NASDAQ using fiat currency or other cryptocurrencies.
- NASDAQ provides advanced trading tools and analytics for investors interested in the cryptocurrency market.
- Initial Coin Offerings (ICOs) and Security Token Offerings (STOs) sometimes use NASDAQ as a platform to launch their tokens to the public.
Cases:
- In 2021, NASDAQ announced plans to introduce Bitcoin futures trading on its platform, allowing investors to speculate on the future price of Bitcoin.
- NASDAQ-listed companies like Coinbase, a major cryptocurrency exchange, provide exposure to the crypto market for traditional investors.
- Regulatory scrutiny on NASDAQ-listed crypto assets has increased as governments seek to establish frameworks for digital asset trading.
- NASDAQ's integration of cryptocurrencies reflects the growing mainstream acceptance and adoption of digital currencies in the financial industry.
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