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Winklevoss Crypto Exchange Partners With Nasdaq In Industry First

• Cointelegraph

The news comes on the same day as Adena Friedman, the CEO of Nasdaq, said that the company is "open" to becoming a cryptocurrency exchange platform once the market matures.

As a press release and multiple media outlets confirm, the move represents a first for exchange operator in the crypto sector, and will see Gemini use NASDAQ's SMARTS Market Surveillance Technology.

Going forward, Gemini will be alerted to unusual trading behavior and could mitigate the effects of market manipulation - a threat which continues to form a talking point in the exchange industry.

"Our deployment of Nasdaq's SMARTS Market Surveillance will help ensure that Gemini is a rules-based marketplace for all market participants," Tyler Winklevoss commented on the partnership.

SMARTS "automates the detection, investigation and analysis of potentially abusive or disorderly trading," as NASDAQ describes its technology, and is currently in use by 45 marketplaces, 17 regulators and over 140 market participants.