Nasdaq， the world's largest stock exchange, launched its own cryptocurrency, called Nasdaq Coin, or NGB, on August 1st, 2018. It is a digital asset built on top of the Ethereum blockchain and designed to act as a medium of exchange between trade participants in Nasdaq-listed stocks and funds.

NGB has multiple uses including paying for trading fees, stock loans, and exchanges between brokerages. The coin’s value is tied to the Nasdaq index and can be used as a hedge against market volatility.

NGB is based on blockchain technology, which is a secure, distributed, and decentralized ledger. This enables users to have greater trust in the integrity of the transactions that take place on the platform. It also allows for enhanced efficiency since there is no need for a third-party intermediary.

In addition to being secure and efficient, NGB also offers users an array of benefits. For instance, it is a global currency that can be quickly exchanged for other cryptocurrencies or fiat money. It is also more cost-efficient than traditional payment methods.

Many participants in the financial markets view NGB as a potential game-changer. It could provide them with new investment opportunities as well as a new means of making money. It has the potential to bring transparency and reliability to the process of trading stocks and funds, which could ultimately result in higher rates of returns.

NGB is still in its early stages, so it remains to be seen how it will fare in the long run. Its future development will depend on how well it is adopted by the global financial community. If it is widely accepted, it has the potential to revolutionize the way we make investments and monitor the performance of our portfolios.

Overall, NGB is an exciting new development that could have tremendous implications for the stock market and the world of cryptocurrency. It has the potential to revolutionize the way businesses interact and transact with one another, as well as how they manage their investments.