According to a recent announcement from Nasdaq, a U.S based crypto startup— Bcause LLC will be using its trading, clearing and market surveillance technology.
Bcause and Nasdaq
The announcement revealed that Bcause will be using the technology for its spot cryptocurrency market, which is planned to launch on the Nasdaq’s Financial Framework platform within the first six months of 2019.
According to the announcement made by Nasdaq, the underlying technology of the Bcause project will make it possible for the firm to monitor its markets for manipulative activities and every form of suspicious conduct. This will further help to provide a more secure sport and derivatives market.
According to Fred Grede, CEO of Bcause, the new crypto spot platform is expected to attract a broad mix of users, which covers both experienced financial investors and crypto enthusiasts, who may be new to traditional markets.
Paul McKeown, senior vice president and Head of Marketplace Operators & New Markets at Nasdaq, also made some statements…