NASDAQ prepares to launch cryptocurrency custody business

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NASDAQ Inc., a global exchange, intends to begin offering custody services for Ether and Bitcoin within the next three months. Ira Auerbach, formerly at Gemini as global head, will lead the new business. In September, NASDAQ announced it would enter the digital asset market and join other well-known financial companies such as BNP Paribas and Fidelity to offer cryptocurrency custody services.

The company has prior knowledge of the cryptocurrency market, with several cryptocurrency exchanges receiving market surveillance technology from the group. It announced the Hashdex NASDAQ Crypto Index ETFs in Q1 2021. The company is currently working to…

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