To the delight of cryptocurrency enthusiasts, Adena Friedman, the president and chief executive officer of Nasdaq the American Securities Exchange, said cryptocurrencies has the potential of one day making it as a global currency. Friedman noted that cryptocurrencies have come a long way since it emerged a decade ago. She said they believe that cryptocurrencies will have a role in the future and added that its impact will depend on the evolution of regulation and broader institutional adoption.

In a post in LinkedIn, Fried said cryptocurrency is a tremendous demonstration of genius and creativity, and it deserves an opportunity to find a sustainable future in the economy. She added that is difficult to ignore the huge amount that investors, including some of the most sophisticated global investors, have poured into digital currencies in recent years.

Fried went on to discuss two main factors, governance and regulatory clarity, “both of which are antithetical to the original intent as a decentralized, ungovernable global currency.” She said transparency and fairness are the keys to trust, and without some level of oversight and regulation, it is not possible to demonstrate a level of transparency and fairness that will build trust. “At Nasdaq, we are working to help cryptocurrencies gain investors trust by offering our technology for trade matching, clearing and trade integrity to start-up exchanges.”

Furthermore, the CEO said that Nasdaq has invested in ErisX which is an institutional marketplace for cryptocurrency spot and futures.