Champagne for everyone: Nasdaq will launch a tool for trading on the stock market
Source:One of the world's largest cryptocurrency exchanges Nasdaq is developing a service for institutional investors that will allow to analyze the behavior of the cryptocurrency markets. About it writes .
Tools based on machine learning to collect data from news agencies, social networks and exchanges. It will provide investors the opportunity to predict the market movements of the cryptocurrency and invest in certain assets, a source told the publication. It is assumed that a new tool will be integrated in the Analytical Center of the Nasdaq launched in 2017.
thewall street became interested in cryptocurrency
Analytical Centre is open for subscription and allows investors to monitor possible changes in exchange rates of Fiat currencies and government bonds. The exchange indirectly confirmed the intention of the trading platform to run the tools for trading cryptocurrencies.
Given the interest of our clients to the cryptocurrency market, we study the data associated with this industry and launching a specialized product that remains to be seen.
The Source added that the new service is already being tested and will be available in November.
We hope that Nasdaq will launch a service for institutional investors. It is not only certainly lead to a short-term growth rate of Bitcoin, but will be a great proof of interest wall street for cryptocurrency.
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