7 Cryptocurrency Exchanges Now Using Nasdaq Tech

Nasdaq, the world’s second-largest stock exchange, revealed that its market monitoring technology is already being used at several cryptocurrency exchanges. According to a January 30 report from Forbes, seven digital asset exchanges have already passed Nasdaq’s test and more could be on the way.

 However, only two of the seven exchanges have been publicized – the Winklevoss twins’ Gemini exchange, and Vctrade, run by Japanese financial services giant SBI Holdings. Tony Sio, the head of Nasdaq’s exchange and regulator surveillance team, told Forbes that the company assesses prospective cryptocurrency clients on their business model, KYC and AML measures, as well as exchange governance and controls.

 The crypto companies that pass the rigorous vetting system are then granted rights to use Nasdaq’s SMARTS Market Surveillance system. The system is a cross-market, cross-asset surveillance tool that correlates real-time and historical data with detection patterns to trace illegal market activities.

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