Bitcoin Futures To Be Launched By Nasdaq

29 November, 2018, 17:25 | Author: Eric Barnett
  • Nasdaq May Soon Launch Bitcoin Futures in 2019

Major US stock exchange Nasdaq aims to launch its Bitcoin futures products in the first quarter of 2019, Bloomberg has reported.

They said that Nasdaq is working to satisfy the Commodity Futures Trading Commission [CFTC], before launching the contracts. Intercontinental Exchange Inc, the parent company of the New York Stock Exchange (NYSE) last week said that it would launch its own contracts on January 24, Bloomberg notes. According to one source, Nasdaq's futures will be based off Bitcoin's price on several spot exchanges, as compiled by VanEck.

After what can only be described as a miserable few weeks for crypto markets. bitcoin has had some respite, posting an impressive 8.72% gain in the past 24 hours, with $2.59 billion traded across bitcoin markets, according to data from CryptoCompare.

Bakkt physically delivers BTC to investors, hence it could have an impact on Bitcoin (BTC) supply and ultimately its price.

The decision puts Nasdaq at odds with the trajectory of crypto markets, which have continued to wane throughout 2018 as investors increasingly flee the legacy cryptocurrency in favour of more sophisticated alternatives. Calling it the "big policeman engine", Gurbacs explained the technology would ensure bitcoin futures trading "in a fair and orderly fashion". CME takes into account price movements in four markets, whereas it's only one in case of CBOE. Furthermore, Gurbacs also said that the Nasdaq Futures would follow the latest regulatory updates. Sources have spoken to Bloomberg and they have allegedly revealed that Nasdaq could bring in Bitcoin futures as soon as the first quarter of next year.


The crypto market is seeing an influx of institutional investments and the introduction of institutional grade products.

Chapter VanEck Gabor Gorbach confirmed this information and stressed that if in 2018 to be the year of regulation, then 2019 will be the year of implementation. Bitcoin futures volumes at the CME hit their lowest levels this fall. Also in September, Bloomberg with reference to anonymous sources wrote that the worldwide investment Bank is preparing to launch a swaps the first cryptocurrency at the moment the company already has the technology to launch a new service, it is now studying the demand for it among clients.

Earlier, Bakkt was to introduce its Bitcoin Futures in the market by year-end.

Although the news is great for the crypto market, it has to be seen of the futures can help the bearish market to recover.

Using the stock market surveillance system of Nasdaq, dubbed SMARTS, along with the trusted pricing benchmarked provided by MVIS, the company aims to trigger confidence with regulators as well as institutions who are trying their best to get into the crypto markets, stated Gurbacs.

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