Nasdaq Still Wants BTC Futures in 1Q 2019
Nasdaq, one of the largest stock exchange operators in the world, is still going to offer BTC futures trading in early 2019, despite the market collapse, which has already erased almost $90 billion in cryptocurrencies capitalization.
According to Bloomberg sources, Nasdaq is still going to launch its own contracts for BTC futures in the first quarter of 2019. The collapse in the cryptocurrency market did not frighten the largest exchange operator. Nasdaq is currently working with the Commodity Futures Trading Commission to resolve regulatory issues.
A year ago, Nasdaq announced the launch of its own BTC futures. Contracts must be based on BTC spot prices on multiple exchanges. The US company VanEck should help the exchange operator to compile the data.
- In November, the Intercontinental Exchange (ICE) decided to postpone the launch of the new product for the market - Bitcoin futures with a physical asset delivering, known as Bakkt. The company decided to move the launch to January 2019, although initially it was planned for December of this year. ICE did not specify an exact reason for its decision.