A Bunch of New Cryptocurrency Services to Leverage the Nasdaq Financial Framework


Nasdaq Inc. and Bcause Llc have lately announced that a bunch of the new Cryptocurrency services will be offered through the Nasdaq Financial Framework. This is good news and it was waiting to be announced.These services will include custody solutions and crypto mining along with spot and derivatives trading. The services to be provided are expected to attract a wide range of the users including a new breed of the investors wishing to participate in the growing Cryptocurrency marketplace.

The Nasdaq Financial Framework comprises of a mono operational core which bonds together the deep portfolio of the proven business functionality of Nasdaq all across the trade lifecycle and in an open framework. Bcause is a full stack Cryptocurrency ecosystem that has been launched in 2018 with a mining facility in Virginia Beach that also claims to be the first in the world. The technology is anticipated to go live in the first half of 2019 along with the launch of the spot Cryptocurrency market of Bcause. Bcause has also revealed that it has filed with the U.S. Commodity Futures Trading Commission (CFTC) to develop in to a designated contract market (DCM) and establish a derivative clearing organization (DCO).

Nasdaq has explained that the market technology of the company is already under use by the broker-dealers, clearing houses, exchanges, central securities depositories and regulators in over 50 countries. Nasdaq as well offers a digital asset surveillance technology that it believes will aid Bcause monitor its markets for the manipulative activities and the misconduct to benefit the security of the crypto spot and the derivatives market. The CEO of Bcause have expressed that from those people who are already quite active in the financial markets and also familiar with the Nasdaq technology to a new breed of the investors wanting to participate in the growing Cryptocurrency marketplace.


Please enter your comment!
Please enter your name here