Nasdaq acquires crypto-friendly service provider Cinnober

Cinnober is a financial service provider that offers trading solutions for different asset classes including crypto. Nasdaq will acquire Cinnober in a deal that values the business at $190m. Cinnober's suite of solutions for crypto-focused exchanges includes: risk management, traceability, and custody. (Source: Reuters)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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