Because is creating a “full-stack digital currency ecosystem” for trading cryptocurrency exchange and is using the platform leading by Nasdaq. This news was verified on 3 March 2019, in an interview taken by Forbes.
Fred Grede CEO stated that Because and Nasdaq has a deal of technology licensing: for registering orders, their system for matching investment will be done by utilizing the Nasdaq’s platform by the startups “Because.”
The Because has also applied to become a classified contract market and to introduce a derivative clearing organization alongside the U.S. Commodity Futures Trading Commission (CFTC). The Bcause’s plan is to become a “one-stop shop” to administer a spot trading market and crypto mining firm. The senior vice president and head of Marketplace Operators and News Paul McKeown stated, “Because has methodically built a unique ecosystem that gives investors, partners and market players a holistic experience in tapping the cryptocurrency market and value chain.”
He added, “By leveraging the Nasdaq Financial Framework, Because will have the scalability and modular functionality to introduce new micro-services and expand its business offerings to meet industry demands and the evolution of the digital assets economy.”
Grede has stated that he had earlier use Because of various times, especially in Asia. He agreed that “Nasdaq” does give top range service technology, which has been used by more than 250 trading firms around the world. He said because of this he has chosen this technology for his own platform as well.
Grede said, “I fully expect that our markets will attract a broad range of users, from those who are already quite active in the financial markets and familiar with Nasdaq technology, to a new breed of investors wanting to participate in the growing cryptocurrency marketplace.”