Start-up shot for Bitcoin Bullrun? Nasdaq wants to launch Bitcoin Futures in Q1 2019
The continuing negative trend of the last few days and weeks has caused many crypto investors to fall into shock and panic selling. They are eagerly waiting for an event that will give new impetus to the crypto market. According to a new report, Nasdaq intends to start offering Bitcoin futures in the next quarter.
According to a Bloomberg report, two anonymous sources have confirmed that the stock exchange giant Nasdaq is already planning Bitcoin futures and that developments are very advanced. Earlier this year, Nasdaq announced to the public that it would initially monitor Bitcoin futures contracts and their actual impact on the cryptographic market. Apparently, regardless of the current situation of the bear market, Nasdaq has decided to launch Bitcoin Futures in the first quarter of 2019:
Nasdaq has worked to satisfy the concerns of the US’s main swap regulator, the Commodity Futures Trading Commission, before contracts can be launched. The New York exchange operator, which last year observed Bitcoin futures for the first time, wants to allow trading in the first quarter of 2019, said one of the sources familiar with the process.
Nasdaq wants to follow CME Group Inc. and CBOE Global Markets, which launched their futures contracts in December last year. Industry experts expected the launch of the “physical” Bitcoin futures of the Exchange Bakkt for mid-December, but this plan was postponed to 24.01.2018.
The Bitcoin price recorded a slight gain of 6.48% to a price of 4017.16 USD. The strong volatility of recent weeks continues. The SEC is currently reviewing further Bitcoin Futures applications for their correctness and completeness, so that the approval of a Bitcoin ETF is still pending. Recently, more than 9 applications were rejected, including those from VanEck and SolidX due to “manipulation concerns” from the market. High-ranking employees of the SEC announced shortly afterwards that errors had been admitted and that all applications would therefore be re-examined.
