Nasdaq will offer Bitcoin Future in June 2018: Wall Street Journal
November 30, 2017 9:35 am
The Nasdaq exchange can start offering the Bitcoin futures in June 2018, a report which is issued by Wall Street Journal. The report indicates that the stock exchange will follow behind two Chicago-based markets that are already indicated the specifics of their Bitcoin future plans.
While the regulatory approval is still pending, the reality that bitcoin futures are in-demand option has given a number of exchanges to at least consider the possibility.
John D’Agostino, former Nymex executive, and the current exchange board member said:
“Every research department of every regulated exchange is saying, ‘Can we do this?’ “The majority of costs associated with that are marketing. If people want to trade this thing, why wouldn’t you? This is a gift from the heavens.”
The report says the exchange will add the Bitcoin Contract onto its existing Nasdaq Futures platform (NFX). This platform was launched back in 2015 and has its important focus on the energy trading, but now be usefully repurposed to include the cryptocurrency contracts.
While CME Group has the greater name recognition among the retail investors. Nasdaq’s imprimatur might have a specific difference or ordinary investors who might be on the fence regarding whether to buy the digital currency or not.