Nasdaq is betting its established reputation will help it secure a strong place in the world of crypto.

Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.

Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.

The correlation between the crypto market and the tech-heavy Nasdaq equity index has turned positive, indicating the digital asset investors' renewed focus on risk appetite on Wall Street.

Bitcoin’s bullish surge in January has helped the Nasdaq Crypto Index to register its third-highest monthly gain, with a 38% surge. The cryptocurrency market started the year on a bullish note, defying major bearish market outlooks. Bitcoin (BTC) and a number of altcoins touched new multi-month highs as inflation cooled off. 

In a sign of the changing market sentiments, the Nasdaq Crypto Index (NCI) booked monthly returns of 37.2% in January — the third-highest monthly return since NCI’s inception in May 2020.

Bitcoin mining firm Argo blockchain has suspended trading of its American depositary shares (ADS) on Nasdaq, according to a Dec. 27 press release. The company said it needed to suspend trading because of an announcement that will come on Dec. 28 and because the London Stock Exchange is closed on Dec. 27. Argo said that it expects shares to resume Nasdaq trading on Dec. 28.  

CoinShares International Limited (Nasdaq Stockholm: CS; US OTCQX: CNSRF) (“CoinShares” or “the Company”), Europe's largest and longest standing digital asset investment firm, announces the first day of trading on Nasdaq Stockholm’s main market.