Nasdaq Will Launch Bitcoin Futures (Confirmed)

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Nasdaq, the world’s second-largest stock exchange by market capitalisation has confirmed that it will be launching Bitcoin futures. Apparently, the plans were already leaked to Bloomberg in November, but the information is now officially confirmed.

Joseph Christinat, vice president of Nasdaq’s media team confirmed that the plan is to launch during the first half of 2019. Christinat clarified that the launch is subject to approval by the United States Commodity Futures Trading Commission (CFTC), but “there’s been enough work put into this to make [the question of regulatory approval] academic […] we’re doing this, and it’s happening.”.

According to Christinat, Nasdaq has kept its eyes on the crypto sphere for a long time.

“We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time — way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”

In November 2017 Nasdaq first hinted that it would be launching BTC futures. The original plan was to have them ready by mid-2018, but this date was pushed forward to ensure that a “unique enough” offering is prepared.

Images by Shutterstock.com

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