Nasdaq Claims It Can Cease Manipulation In Cryptocurrency Market

by Arshmeet Hora | Nov 3, 2018 | Cryptocurrency, Cryptocurrency News

Nasdaq | Cryptocurrency Market | Stop Manipulations

The Cryptocurrency ecosystem has often been defamed due to the underlying risk of frauds, scandals, and manipulation. In a paper released on Thursday, Nasdaq Inc., stock exchange operator claims that their tools developed over the decades that manage securities, currencies and other markets, can also manage digital coins without the underlying risks.

The U.S stock exchange giant stated in the paper:

“Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced technologies to help capture and analyze abusive behaviors including pump-and-dump schemes, insider trading, wash trading as well as spoofing and layering.”

The volatility of cryptocurrencies, along with the lack of government regulation gives a somewhat easy access to fraudulent activities, which has most authorities looking at the ecosystem with a suspicious eye. As a protective measure, the Justice Department had opened a criminal probe into possible manipulation of Bitcoin trading.

According to Bloomberg, Nasdaq licenses its market-surveillance technology to exchanges including at one crypto-exchange Gemini, founded by the Winklevoss twins. These companies approached Nasdaq just over two years ago, though the bitcoin bull only happened late last year. Nasdaq’s head of exchange and regulator surveillance, Tony Sio, said in an interview:

“We’re now getting approached every week or two. We won’t work with all of these firms though since a lot of them are quite early stage or not reputable yet.”

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.” Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.