Stock Exchanges Are Beginning to Take Bitcoin Seriously

The biggest U.S. stock exchange operators are taking steps to embrace bitcoin, spurring speculation the digital currency is coming up from underground. Nasdaq OMX Group Inc. revealed Tuesday that New York-based Noble Markets, a platform for trading bitcoin, has agreed to license Nasdaq’s X-stream technology. Noble is adopting the same software used by securities exchanges around the world, and a related system runs the Nasdaq Stock Market, one of the biggest equity exchanges. The news follows the New York Stock Exchange’s January agreement to invest in Coinbase, another platform for trading the digital currency

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Nasdaq to Provide Trading Technology for Bitcoin Marketplace

Nasdaq OMX Group Inc. has agreed to provide New York-based start-up Noble Markets with core technology to power a new marketplace aimed at allowing companies and institutional investors such as hedge funds to trade Bitcoin and related digital-currency assets.

According to a joint statement provided to The Wall Street Journal, Noble’s platform will use Nasdaq’s X-stream trading system, a high-tech system for matching market participants’ orders that is used by more than 30 exchanges and marketplaces worldwide.

Read the full article from Wall Street Journal Here: