Nasdaq, the prominent US stock exchange, has announced that it is pausing its ambitious venture into the cryptocurrency custodial business due to shifting market conditions and regulatory uncertainties. CEO Adena Friedman made the announcement during a recent earnings call, highlighting the need to assess the evolving regulatory landscape before proceeding. Nasdaq had initially planned to launch its crypto custodian services in the second quarter of this year, but the decision to postpone reflects the company’s cautious approach in light of changing circumstances.