Last year December two significant exchanges — CME and Cboe — launched bitcoin-based futures, causing the currency’s price to soar till $20,000 and then plunge. Will the history repeat itself or not — the time will tell, but what is known right now for sure is that another exchange giant is going to embrace BTC. And it is Nasdaq.
BTC-Futures on One More Substantial Platform
According to The Express’s recent report, Nasdaq, the second world’s largest stock exchange, has reaffirmed it intends to launch BTC-based futures. The move will take place in the first half of the next year, the report clarifies.
At the end of November two anonymous sources had already informed Bloomberg about alleged Nasdaq’s plans — which now appear to be true as the company’s vice-president of the media team — Joseph Christinat — confirmed the rumours.
However, Christinat also implied that despite the company’s plans, the launch of the futures is still under question. The reason is that it is subject to approval from the American CFTC. Despite this, Christinat emphasized that Nasdaq is working hard to comply with the requirements and ultimately launch futures.
Nasdaq Has Kept an Eye on Cryptos
The VP of the company’s media crew also revealed that Nasdaq has been observing the bitcoin industry «for years». Concerning bitcoin futures, Christinat said the exchange has been preparing for the «product» throughout entire 2018.
In particular, Christinat said:
“We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time — way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”
It remains unknown, however, whether exchange’s futures will be physically settled or cash-backed.