Nasdaq is now trying to answer all questions from the Commodity Futures Trading Commission in order to launch contracts in the first quarter of 2019.
According to some sources, the New York Stock Exchange was considering listing Bitcoin futures last year.
Bitcoin futures quickly took over the financial world and caused resistance from major brokerage firms when CME Group Inc. and Cboe Global Markets Inc. used a fast-track process to remove futures bureaucracy to bring its contracts to market last December at the height of the global crypto boom. Despite hopes that Bitcoin futures would usher in a new era of institutional investment in the cryptocurrency, trading in such futures has not been very successful, and the price of the cryptocurrency has dropped significantly.
Back in January, Nasdaq Exchange Chief Executive Officer Adena Friedman said that the exchange was considering how to make its contracts better than those of competitors. Nasdaq futures will be based on Bitcoin prices on various exchanges, which will be provided by VanEck Associates Corp.
Nasdaq is not the only exchange that intends to trade Bitcoin derivatives. Intercontinental Exchange Inc., which owns the New York Stock Exchange, also said it would launch futures contracts on Jan. 24.
According to https://www.bloomberg.com
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