Here’s Why Nasdaq Still Planning Bitcoin Futures Launch in 2019
U.S. stock exchange operator Nasdaq is reportedly sticking with plans to launch bitcoin futures contracts early next year.
A Bloomberg report on Tuesday, citing “people familiar with the matter,” said that Nasdaq will likely still list its own bitcoin futures contracts Q1 2019, despite the weak crypto markets over the last year. It’s currently working through regulatory issues with the Commodity Futures Trading Commission (CFTC), they added.
Back in February, the CFTC strengthened its review process for cryptocurrency futures products. Its new checklist pertaining to Designated Market Contracts and Derivatives Clearing Organizations was aimed to assist regulators as exchanges introduce new crypto products onto the market.
The Nasdaq contracts are said to be based on bitcoin’s spot price on “numerous” exchanges, and will be compiled by t York-based investment management firm VanEck.
Nasdaq Still Planning Bitcoin Futures Launch in 2019