Ignore the slump in the price of NASDAQ still plans to launch early next year bitcoin futures

On Tuesday, according to Bloomberg news, informed sources, although the past year digital currency prices plummeted, but the NASDAQ is still promoting bitcoin futures listing plan, is expected to be completed in the first quarter of next year. At present, the NASDAQ is trying to solve the problem of supervision.

In February this year, the U.S. Commodity Futures Trading Commission (CFTC) to strengthen the encryption currency futures product review process, to better regulate the exchange to launch a new encryption products.

Last November, bitcoin broke through the $11000 mark, the Nasdaq was exposed for the first time plans to launch the bitcoin futures products, is expected to become CME, Cboe Global Markets, third of the United States into the money market exchange encryption. When there is news that the bitcoin product was first launched in the two quarter of this year.

Wall Street informative article pointed out earlier, the NASDAQ CEO Adena Friedman had said in January this year, the exchange hopes to launch the “out of the ordinary” bitcoin futures products.

Friedman said, hoping to launch a full return of futures, it is more like an investment, rather than tracking stock market. NASDAQ futures contract will be based on the investment management company VanEck for bitcoin exchange in many spot prices.

The last 12 months, bitcoin prices reached a record high of $20000, the Chicago Futures Exchange (CBOE) and the Chicago Mercantile Exchange (CME) were launched bitcoin futures contracts. But a year to bitcoin prices plummeted, the lowest reach 3400 dollars, the product performance is unsatisfactory.

Recently, the Intercontinental Exchange (ICE) will be announced through the Bakkt bitcoin exchange launched physical delivery futures products. The company said, because the market for the products of the “great interest”, and brought a lot of work, they will be released by the time scheduled in December this year until next year in January.

According to CoinDesk data, 11 month bitcoin prices fell 45%. On Monday, bitcoin prices fell below $3500 mark for the first time in 14 months, compared with December last year highs of 80%. Other digital currency or even worse than the highest point, reboxetine currency fell 90% yuan compared to the highest point of the etheric, fell 92%, bitcoin cash fell 95%. EOS was in April of this year’s record highs fell 85%.

Tuesday until now, bitcoin fell 1.27% to $3771.43.

Leave a Reply

Your email address will not be published. Required fields are marked *