Nasdaq, a security exchange which comes next to the New York Stock Exchange (NYSE) is planning to launch its Bitcoin future contracts in the year 2019. The news has been confirmed by the Vice President of Nasdaq media team, he said that the contracts will soon be launched at the beginning of next year.
The launch of future contracts comes at the time of launch of ICE’s Bakkt BTC futures contracts. The contract, launched in early December, served as the saving grace of the leading cryptocurrency in the world. However, it is now scheduled to be launched at the end of January.
BTC Futures and Rumors
Joseph Christinat, the Vice President of Nasdaq said that BTC futures soon to be listed and launch in the first half of next year. He said that the firm is waiting to move forward from the CFTC, but there is a need for enough work to make this happen.
Christinat while addressing the rumors that were spread with an unofficial report of the Wall Street Journal – which caught the media hype around the future contracts, said that:
“We’ve seen plenty of speculation and rumors about what we might be doing, but no one has thought to come to us and ask if we can confirm it, so, here you go – we’re doing this, and it is happening.”
Crypto: Our Vision
Nasdaq has been working on this for a year now. The sole goal of the firm revolves around cryptocurrencies, which is still a vision in their bucket list. The crypto market fluctuations had the worst impact on the major crypto coins, as the price of Bitcoin dropped below support level $6000, and were trading less than $4000 in November 2018. However, such changes are not impacting the firm, as stated by the Vice-President:
“We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time – way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”