In a paper released on Thursday, Nasdaq Inc. said it has spent decades developing tools to police securities, currencies and other markets, and can use them to stamp out manipulation and other scams besieging digital assets, Bloomberg reported.

“Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced technologies to help capture and analyze abusive behaviors including pump-and-dump schemes, insider trading, wash trading as well as spoofing and layering,” – the paper reads.

Nasdaq licenses its market-surveillance technology to exchanges, including at least one crypto market: Gemini, which was founded by the Winklevoss twins. Nasdaq first started to get approached about these services from crypto companies just over two years ago, but it wasn’t until late last year when Bitcoin was surging that demand jumped.

“We’re now getting approached every week or two,” – Tony Sio, Nasdaq’s head of exchange and regulator surveillance, said. – “We won’t work with all of these firms though since a lot of them are quite early stage or not reputable yet,” – he added.

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