Nasdaq to launch Bitcoin derivatives
DSIJ Intelligence / 01 Dec 2017
With the bitcoin furore increasing, the market bigwigs are buckling up to join the bitcoin bandwagon. Nasdaq Inc, world’s largest stock exchange company is planning to join the rage, as per market reports.
With the bitcoin furore increasing, the market bigwigs are buckling up to join the bitcoin bandwagon. Nasdaq Inc, world’s largest stock exchange company is planning to join the rage, as per market reports. The exchange is planning to launch a futures contract based on Bitcoin in 2018.
Recently, Nasdaq's core competitors and US exchange operators, CME Group and Cboe Global Markets had also announced their plans to launch bitcoin futures and cryptocurrency derivatives around the fourth quarter of the current fiscal year. CME Group is the world’s largest derivative exchange while Cboe Global Markets is also a prominent exchange operator in the US.
However, after the brief rally to US$ 11,000 level, bitcoin has experienced selling pressure. Post Bitcoin ’s dip of US$ 1,000, other cryptocurrencies are plummeting too. In the last 24 hours, bitcoin has witnessed a downward movement of nearly 5 per cent . The currency is trading below US$ 10,000 level with an expectation of a further slump.
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