Nasdaq to launch bitcoin futures in 2019

The main stock exchange of the United States works in financial derivatives, with probable launch date for the first quarter of next year

Through unofficial sources, at the beginning of December it was known that Nasdaq – the second largest stock exchange in the world – confirmed the issuance of bitcoin futures in the first semester of 2019.

It is important to explain what the term “futures” refers to. These are financial derivatives of another asset that is called underlying. There are derivatives of stocks, gold, oil, agricultural products such as wheat or coffee, among others. In the case of bitcoin futures, their price will be that of the underlying assets.

Joseph Christinat, vice president of the media team of the US brokerage house, said the launch will depend on approval by the Commodities Futures Trading Commission of the United States.

The official added: “We have invested a lot of money and energy in offering the ability to do this and we have been in it for a long time, long before the market went into crisis, and that will not affect the time of doing it in any way. Period. We will do whatever happens.”

According to Christinat, physically delivered bitcoin futures will be launched in January 2019 on the digital asset platform Bakkt, which was created by the operator of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE).

M.Pino

Source: Cointelegraph

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