Exchange Nasdaq plans to launch Bitcoin futures in the first quarter of 2019. It is reported by Bloomberg , citing informed sources.
As the newspaper notes, plans to launch Bitcoin futures are still relevant for the Nasdaq, despite the deep market downturn. In this context, the company actively cooperates with the Commodity Futures Trading Commission (CFTC). Derivatives at Nasdaq will be based on a bitcoin price index based on several exchanges selected by VanEck Associates Corp.
Also, Bloomberg notes that at one time the CME and CBOE trading platforms have settled bureaucratic formalities related to futures in an “expedited mode”. At the end of last year, many market participants hoped that the new tools would mark a “new era” and lay the foundation for large-scale institutional investments in cryptocurrency.
However, in reality, everything turned out to be completely different – the volume of trading in bitcoin derivatives is still insignificant, and the price of the underlying asset since the launch of futures fell from $ 20,000 to $ 4,000 and continues to decline.
Shortly after the CME and CBOE presented the world of traditional finance with new tools, the CFTC tightened its bidding procedures for exchanges planning to launch derivatives for virtual currencies.
Recall that the launch of the Bakkt platform with deliverable Bitcoin futures is expected in early 2019 .
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