NASDAQ AND RIPPLE: Executives At Ripple Find 'Match Made In Heaven' In Nasdaq Exchange Initiative

[AlibabaGrp]

https://theicojournal.com/exclusive-nasdaq-and-ripple-executives-at-ripple-find-match-made-in-heaven-in-nasdaq-exchange-initiative/

 

Lol it all makes sense from a business standpoint. Coinbase will become a nobody soon when these wallstreet exchanges open up, mark my words

[xrphilosophy]

Encouraging news.

[aavkk]

Those are some powerful words right there!  What I would absolutely love to know is whether Nasdaq is considering using XRP as a base currency and/or all direct fiat pairings for each coin listed?  

[Esprxp]

Good contribution.

I think Nasdaq would project XRP as an open asset to all markets..

[Paradigm]

Nasdaq has published pretty bullish articles on XRP in the past. Very excited to see where this is heading and thanks for sharing! 

Edited September 26, 2018 by Paulo

[Guest]

Move over CB. NASDAQ is coming through!

"A conversation with a Ripple executive confirmed their Nasdaq discussions:

“Yes, we’ve been in discussions with Nasdaq around their exchange initiative and have been willing to answer any and all due diligence questions. We believe in what we are doing here, our products and services, and $XRP as well. Nasdaq will ultimately be the final arbiter of who gets listed next year, but we believe we will be firmly in that group. Without giving too much away, the excitement around here for where this is headed is pretty fun to watch. The Nasdaq exchange and custody product is going to be something special.”

You can imagine that a development such as this would set aside any and all concern regarding Ripple’s ongoing frustration with Coinbase. Being listed on a forthcoming global exchange and brand such as Nasdaq would remove any need to be placed into a more closed ecosystem such as Coinbase.

And that particular line of thinking was verbalized by another Ripple executive yesterday: “This inclusion justified  I might add, gives us less interest in taking whatever unnecessary steps Coinbase would have us take to meet any listing standards they deem relevant. So while it would be welcome to finalize a $XRP listing on Coinbase we simply aren’t interested in moving heaven and earth to do so."  Thanks to @Sio2yH2O for pointing out this quote of the article.

 

 

[Paradigm]

#XRPtheBase

[XRPHornets]

Very interesting. In the congress hearing on crypto regulations that was circling yesterday there was an exec from Nasdaq.

One of his points was that he believes the SEC needs to understand that an asset may start off centralised but can change to decentralised and the SEC must recognise this when ruling as a security.

At the time I thought that sounds like a guarded, covert defence of XRP...and now this news.

Being listed is one thing but if they were to use XRP as base currency that would be awesome.

Edited September 26, 2018 by XRPHornets

[Yukteswar]

Yes, This is tremendous news for XRP, Ripple and all of us Hodlers!

From the article:

One source at Nasdaq had this to say:

“We aren’t interested in the noise. We are interested in scale. If we start this initiative with the top five or seven coins by market capitalization, why would we exclude $XRP? There is no good reason to exclude them, at least the way that we are evaluating our work. Look at it this way – there is just as much noise around Bitcoin Cash as there ever has or ever will be around Ripple’s cryptocurrency. And Bitcoin Cash is listed almost ubiquitously across all exchanges. So we see no reason to exclude $XRP. Instead, we’ve leaned in and embraced what they bring to the table. You really can’t argue that the firm has a top-notch executive team and is as buttoned up as you will find in crypto.”

A second source at Nasdaq further developed the market cap thesis:

“Market cap is just about everything here. Ripple and $XRP could be the second largest cryptocurrency at any moment. So the decision to include them in our initial offerings is an absolute no-brainer. Easy to do based on the firms’ management team and their continued execution within the banking sector. And we’ve largely eschewed the ‘security token’ debate. Market cap is what plays for us as we develop these solutions. Ripple checks that box and then some. Not to mention they’ve been extremely forthcoming from a due diligence standpoint and made several different members of their management team available to us at a moments notice. Adding that to the scale of their coin makes it an easy decision at launch.”

Once this works its way around the inter-web, I expect that this "rumor" will be a big bump to XRP price in the coming days.

Nasdaq listing XRP, WOW!

 

[XRP-JAG]

Actual comments from NASDAQ are not really specifically XRP, so the title is misleading in that respect.

Sounds like they planning a top 5 (or so) coin offering, and simply confirm they not going to exclude XRP.

Quote

...and $XRP is set to be one of the initial coins listed when Nasdaq launches its crypto exchange in early 2019.

 

Edited September 26, 2018 by XRP-JAG
Add quote.

[Guest]

The NASDAQ did $56,443,998,413 in trading yesterday across all markets (Europe and US, equities, fixed income, etc.).  

http://www.nasdaqtrader.com/trader.aspx?id=FullVolumeSummary#

Edit: I would think institutional clients would be more comfortable working with the NASDAQ than say Coinbase.

 

Edited September 26, 2018 by Guest

[Moriarty]

Is there an official statement from Ripple on this ?

[cmbartley]

"Match made in heaven" was the author's term, not NASDAQ's or Ripple's.

[CryptoDrover]

This would really be a game changer.  

[Plikk]

Too bad it is from one unreliable source only. I have tried to factcheck but could not confirm whether this is real news. 

Always hard to tell with crypto. So much fake news abound. Sure hope it’s true, would be very encouraging. 

Edited September 26, 2018 by Plikk