Nasdaq

The Nasdaq is a tech-heavy U.S. exchange operator headquartered in New York. Founded in 1971 by the National Association of Securities Dealers, the Nasdaq is the exchange where many publicly traded crypto firms, including Galaxy Digital, Coinbase, and Strategy, choose to list their shares. The largest spot Bitcoin and Ethereum exchange-traded funds trade on the exchange. 

The CEO and Chairwoman of the Nasdaq—short for National Association of Securities Dealers Automated Quotations—is Adena Friedman. Friedman has been a proponent of tokenized equity trading, which represents stocks as digital tokens on a blockchain. She is also leading the exchange's plans to launch 23/5 trading by December 2026 to compete with the around-the-clock trading of crypto markets.