Rajarshi Mitra
Independent Analyst
- Bcause is the creator of the first ever full-stack cryptocurrency ecosystem while NASDAQ is the world’s second-largest stock exchange with a market capitalization of over $10 trillion.
- The technology is expected to go live in the first half of 2019 with the launch of the new Bcause spot cryptocurrency market.
Bcause LLC, the creator of the first ever full-stack cryptocurrency ecosystem, will be operating on Nasdaq's Financial Framework platform. The technology is expected to go live in the first half of 2019 with the launch of the new Bcause spot cryptocurrency market. Bcause will be using Nasdaq's trading, clearing, and market surveillance technology.
Fred Grede, CEO of Bcause, said:
"We have tremendous respect for the Nasdaq brand and are honored that we can deploy these robust, tried-and-tested platforms - customized to our unique markets - as the foundation of our technology. I fully expect that our markets will attract a broad range of users, from those who are already quite active in the financial markets and familiar with Nasdaq technology, to a new breed of investors wanting to participate in the growing cryptocurrency marketplace."
Paul McKeown, SVP and Head of Marketplace Operators & New Markets, Market Technology of Nasdaq, said:
"Bcause has methodically built a unique ecosystem that gives investors, partners and market players a holistic experience in tapping the cryptocurrency market and value chain," said. "By leveraging the Nasdaq Financial Framework, Bcause will have the scalability and modular functionality to introduce new micro-services and expand its business offerings to meet industry demands and the evolution of the digital assets economy."
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