Sources: Nasdaq plans to launch bitcoin futures in early 2019

Sources: Nasdaq plans to launch bitcoin futures in early 2019.

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Tim Haldorsson

tim.haldorsson@trijo.co

Nasdaq seems to bet on the fact that the interest in cryptocurrencies will remain in spite of the major downturns that have been. According to sources, the stock exchange intends to launch bitcoin futures in the first quarter of 2019.

Bitcoin futures are securities that make it easier for investors to expose themselves to the bitcoin price because they do not need to take care of their own bitcoin.

Now, according to sources, the major American stock exchange Nasdaq plans to launch trade in such bitcoin futures as early as the first quarter of 2019, Bloomberg reports.

Nasdaq seems to bet on continued interest

The information comes from two anonymous persons who supposedly have insight into the matter and that states that Nasdaq chooses to bet on continued public interest in cryptocurrencies, despite the dramatic declines that have occurred in the crypto markets over the past year.

According to the sources, “Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission (CFTC), before launching the contracts”, Bloomberg writes.

Other bitcoin futures as early as December 2017

In January of this year, Nasdaq was evaluating the possibilities of offering bitcoin futures. This was after the Chicago Board Options Exchange (CBOE) had launched trading with bitcoin futures in December 2017, something Bloomberg previously reported.

If Nasdaq launches trading with bitcoin futures in the first quarter of 2019, they follow the same track as the New York Stock Exchange (NYSE), which, through its company Bakkt, plans to launch bitcoin futures trading on January 24, 2019.

Read more: Nasdaq approaches the crypto world with trying to acquire Swedish fintech company Cinnober.

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