The NASDAQ plans as early as next year the second quarter launch of bitcoin futures
The Nasdaq stock exchange program launched the first bitcoin futures in the second quarter of 2018, the NASDAQ has become the Chicago Mercantile Exchange (CME), the Chicago Board Options Exchange (CBOE), third of the United States to enter the encryption currency market exchange.
NASDAQ plans early launch of the product in the two quarter of next year. The contract will be on the NASDAQ NFX market transactions.
On Wednesday, bitcoin prices exceeded $11000 mark. Since this year, bitcoin has risen over 1100%. Bitcoin 7 years ago only 6 cents, less than $1000 earlier this year.
Bitcoin supporters pointed out that if the world’s $200 trillion of assets in the traditional financial market, bitcoin even if only a small part of it will also rise sharply.
FortressInvestmentGroup investment group, the former hedge fund manager MichaelNovogratz said, bitcoin prices at the end of 2018 is expected to easily reach $40 thousand.
At present in the four major U.S. exchanges, NASDAQ, CME and CboeGlobalMarketsInc are planning to enter the encryption currency derivatives market. The New York stock exchange’s parent company, IntercontinentalExchange is the only one large exchange has not yet announced similar plans.
Early in October this year, the Chicago Mercantile Exchange Group (CME, “Chicago”) has announced that from 2017 the beginning of the fourth quarter launch of bitcoin futures.
The new futures contract will be based on the CMECF bitcoin reference rate (BRR) of cash settlement, the interest rate as the bitcoin $”premium, updated once a day. Bitcoin futures will be included in the list of transactions in Chicago, and constrained by the Chicago futures trading rules.
Bitcoin trading platform GeminiTrust and Winklevoss cooperation Chicago brothers established, using data development bitcoin derivatives and index of the platform.