Nasdaq Is Working on a Tool for Predicting Changes of the Crypto Market

nasdaq launches a crypto tool

Recently it became known that the American stock exchange, specializing in the shares of high-tech companies, is developing support for cryptocurrencies.

The head of Nasdaq on alternative data Bill Dague told CoinDesk:

Given the abundance of interest, we are exploring cryptocurrency related datasets,” and added: “Whether or not we launch a crypto-related product remains to be seen.

Sources close to Nasdaq disclosed the company’s plans in more detail and stated that the crypto platform is in beta testing mode, and its full-scale launch is scheduled for November.

There’s the social media sentiment part, so applying machine learning and NLP, which will start with Twitter and might include StockTwits and then eventually perhaps Reddit,” the source said.

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