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Nasdaq Targets Institutional Clients with New Crypto Custody Service

2022.09.21

Nasdaq (NDAQ), the second-largest U.S. stock exchange operator, is introducing a cryptocurrency custody service in an effort to capitalize on the demand from institutional crypto investors, crypto media channel CoinDesk reported on September 20.

 

The move into cryptocurrency by Nasdaq indicates part of a larger trend on Wall Street. Nasdaq has concentrated on generating income from sources other than the exchange where shares of public businesses are traded. Investments have been made in software, data, and other services. Additionally, Nasdaq increased the technology to provide crypto businesses connected to security and anti-crime software.

 

Last month, Depository Trust & Clearing Corp., which handles almost all trades on the U.S. stock market, released its own blockchain to speed up trade settlement, and BlackRock, the largest asset manager in the world, announced that it will offer cryptocurrencies to its institutional clients. For institutional clients in the United States, Nasdaq will compete with the cryptocurrency exchange Coinbase and the custodians' Anchorage Digital and BitGo.

 

Source: COINDESK

Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.