Nasdaq to Launch Bitcoin Futures in 2019
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Nasdaq has officially confirmed a product launch of Bitcoin in 2019. Joseph Christinat, Vice President of Nasdaq, the second contender to the New York Stock Exchange NYSE, recently stated that the contracts will be listed and launched by the first half of 2019.
According to Christinat, “Bitcoin Futures will be listed and it should launch in the first half of next year. We’re just waiting for the go-ahead from the CFTC , but there’s been enough work put into this to make that academic.”
Christinat also addressed the circulating rumors surrounding the media hype over the contracts:
“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’s happening.”
According to reports, the company has been working on releasing these contracts earlier on in 2018. While many investors are skeptical about the bearish market, the exchange seems to be forging forward with this opportunity.
Christinat stated in related press, “We’ve put a hell of a lot of money and energy into delivering the ability to do this. We’ve been all over it for a long time [even] before the market went into turmoil. That will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”
The Wall Street Journal reports, “The contract is poised to trade on the Nasdaq future platform as NFX.”
Although Bitcoin has risen and fallen in value, one thing is for sure, digital currency is gaining in awareness and adoption each year.
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