Nasdaq Makes Offer to Acquire Crypto-Friendly Fintech Startup

By News BTC

One of the world’s largest stock exchanges, Nasdaq, has announced that it has made a $190 million public offer to Swedish fintech solutions firm Cinnober. As a leading provider of real-time clearing technology and cryptocurrency exchanges for high performance trading and post-trading solutions, Nasdaq reports that Cinnober is a desirable target with the potential acquisition “expected to deliver attractive shareholder returns with a combination of Cinnober’s largely-recurring revenue base, coupled with significant synergies arising from product enhancement, cross-sale, and efficiency opportunities.” If the deal moves forward, Nasdaq claims that its position would strengthen as “one of the world’s leading market infrastructure technology providers.”

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19 Sep 2018

Tagged in: cryptocurrency, data analytics, insurtech, startups

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