Nasdaq are looking to launch Bitcoin futures on its exchange according to sources
- Two sources familiar with the matter note that Nadaq are keen to introduce Bitcoin futures.
- The expectation of this coming into effect is not anticipated until Q1 of 2019.
Nadaq Stock Market are exploring Bitcoin futures to be listed on is exchange, suggestions as early as 2019, being reported by Bloomberg. Citing two people that are familiar with the matter, noting that the organisation is anticipating for a sustainable amount of interest, despite the recent drop in the market.
The sources close to the matter have suggested that Nasdaq are looking to ease the concerns of the regulator, CFTC, before a launch of these contracts. Further detailing that the company will not begin trading of these contracts until Q1 2019.
Efforts continue across the market to further help legitimize the cryptocurrency sector. The likes of Bitcoin, despite the heavy falls, several have views that the number one cryptocurrency by market cap is almost too big to fail.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
