Nasdaq Set to Launch Bitcoin Futures Market

Nasdaq Set to Launch Bitcoin Futures Market

Author: 
Michael R.
Date: 
November 28, 2018
Read time: 
2 minutes
Bitcoin
Nasdaq
Futures

Nasdaq, one of the world’s largest stock exchanges, is planning to launch a Bitcoin futures market during the first quarter of 2019.

According to a recent Bloomberg report, Nasdaq has been working closely with regulators to introduce Bitcoin futures in the most compliant, thoughtful manner.

Nasdaq, one of the world’s largest stock exchanges, is planning to launch a Bitcoin futures market during the first quarter of 2019.

According to a recent Bloomberg report, Nasdaq has been working closely with regulators to introduce Bitcoin futures in the most compliant, thoughtful manner.

“Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019, one of the people said.”

Cryptomaniaks

Additionally, “Nasdaq isn’t the only impending Bitcoin derivative. New York Stock Exchange owner Intercontinental Exchange Inc. said last week it will launch its own contracts.” This means that institutional investors will have more options for speculating on the cryptocurrency market. Rather than needing to be concerned with regulations around holding Bitcoin directly, these new investment vehicles provide a compliant way for them to speculate and diversify their portfolios.

The Bitcoin futures market will be launched in coordination with Bakkt, a cryptocurrency exchange platform built by ICE, the parent company of the New York Stock Exchange (NYSE).

If you are interested in learning about Bitcoin and investing in this new, exciting industry, check out our start investing guides!

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