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Even with the market down, big stock markets have not abandoned Bitcoin. According to the Bloomberg news agency, the US technology exchange, Nasdaq, has announced plans to list Bitcoin futures.
According to the publication, two sources close to the subject (unidentified) confirmed the information. They said that the Nasdaq was still betting on the interest of this market, despite the significant fall recorded by those of cryptoactive in 2018.
According to sources, Nasdaq worked to address the concerns of the leading US trading regulator, the Commodity Futures Trading Commission (CFTC), before launching the contracts. One source said the New York currency trader, who was the first to monitor Bitcoin futures last year, wants to allow futures for the first quarter of 2019.
Bitcoin futures have attracted the financial market – and aroused resistance from major derivatives brokers – when CME Group Inc. and the CBOE Global Markets Inc. announced their contracts on the market last December, at the peak of the Bitcoin record in 2017. In addition, Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange, also announced the negotiation of contracts futures for December, be postponed to January 2019.
The sources also said Nasdaq futures will be based on the Bitcoin price in several stock exchanges, according to the list established by VanEck Associates Corp. CME uses four awards while CBOE uses only one.
The interest of Nasdaq for this market is not new. In January, CEO Adena Friedman said the stock market was evaluating the launch of a future product focused on the long term. In July, the Nasdaq met on Wall Street to discuss ways to regulate crypto coins, most likely to launch products for institutional investors.
Nasdaq officials declined to comment.
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