nasdq - Nasdaq Will Launch Bitcoin Futures in 2018

Nasdaq Will Launch Bitcoin Futures in 2018

Nasdaq, one of the biggest stock markets in the world by market capitalization will launch Bitcoin futures during the next year. According to the Wall Street Journal, Nasdaq wants to offer o the investors the possibility to trade with Bitcoin.

Important Investors Have a Wider Access to Bitcoin

This information is in line with what other exchanges are doing. The Chicago Mercantile Exchange (CME) has decided to offer Bitcoin futures before 2018. Nasdaq’s intention is to provide investors with Bitcoin but in a different way than the CME. Futures exchanges allow traders to hedge against and speculate with the price of different assets.

The Nasdaq report reads as follows:

“Nasdaq’s Bitcoin contract would debut on Nasdaq Futures, or NFX, a marketplace that the New York-based exchange group launched in 2015 that until now has mainly focused o energy trading, according to the people familiar with the situation.”

Bitcoin has just passed $11.000 dollars and it has awakened interest in different institutions and investors. When institutions and markets like Nasdaq or the CME announce that they will start to offer Bitcoin to their investors, the market tends to react positively. This is one of the different ways that help the virtual currency to be legitimized.

But this is not the only way to support Bitcoin and the cryptocurrency ecosystem. When an enterprise decides to accept payments in cryptocurrencies, then more people would consider using them as a daily means of payment.  

Adena Friedman, CEO of Nasdaq, has given its opinion about blockchain technology and how Nasdaq is working with it.

“The cloud is going to change a lot of how we manage our infrastructure, how we interact with each other and how we are able to scale and grow. If you look at efficiency, the blockchain has a huge ability to change the way settlement occurs and the transfer of ownership.”