RATE Group | Nasdaq is Acquiring Crypto-Friendly Swedish Exchange Cinnober
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Nasdaq is Acquiring Crypto-Friendly Swedish Exchange Cinnober

17 Sep Nasdaq is Acquiring Crypto-Friendly Swedish Exchange Cinnober

Posted at 19:46h in Cryptocurrency News by

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Nasdaq cryptocurrency

Nasdaq, the world’s second-largest stock exchange, announced Friday that it is in the works to acquire Cinnober, a trading solution provider based in Sweden.

Cinnober has a history for bullishness towards digital assets and making it easier for institutions to invest in them. One of those efforts is the partnership with BitGo, a behemoth for institutional-grade cryptocurrency custody security. BitGo itself has built partnerships and acquisitions over its history, which have helped it firm up its mission, including the acquisition of Kingdom Trust and a partnership with the South Korea exchange Korbit.

Nasdaq: More Prepping for Cryptocurrency Trading?

Nasdaq’s latest acquisition highlights, though indirectly in this case, its taste for cryptocurrency trading. As CCN reported, on the heels of the SEC’s second rejection for the Winklevoss twins’ ETF, the Nasdaq held a closed-door meeting with cryptocurrency industry experts. In the meeting, participants discussed ways to…

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