Nasdaq Confirms Rumors, Bitcoin Futures to be Launched Next Year
Rumors last week suggested that Nasdaq is about to launch future trading contracts for Bitcoin (BTC) in 2019, has been confirmed by the Vice President of Nasdaq and its team.
Joseph Christinat, Vice President of Communications at Nasdaq stated that the contracts will officially be listed and launched fully by the first half of 2019.
In a statement to Express, Joseph Christinat stated:
“Bitcoin Futures will be listed and it should launch in the first half of next year – we’re just waiting for the go ahead from the CFTC but there’s been enough work put into this to make that academic.”
He later commented upon the supposition and rumors which has been laid down due to an unconfirmed report by the Wall Street Journal, which has raised a lot of media hype over the contracts. Commenting about this, he said,
“We’ve seen plenty of speculation and rumors about what we might be doing, but no one has thought to come to us and ask if we can confirm it, so, here you go – we’re doing this, and it’s happening.”
According to reports, the company has been working on delivering these contracts for the majority of 2018.
This puts it in the same timeframe as the launch of ICE’s Bakkt futures contract for Bitcoin. This contract was previously claimed to be the saving grace of Bitcoin, as it was slated for launch in early December. However, it has now been postponed for a launch in the tail end of January.
The Bitcoin futures will be traded on the previously energy-trading centric, NFX, Nasdaq’s futures platform, as reported by WSJ reporters. The introduction of these derivatives will bring a new wave of investors to the cryptocurrency fray, a positive precursor to 2019.
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