Nasdaq-Issued Bitcoin Futures Contracts May Comprise 'Investment' Rather Than 'Tracking Stock'

The chief executive officer of Nasdaq, Adena Friedman, has discussed the company's position with regards to the potential bitcoin futures contracts it has previously expressed interest in offering. Although Mrs. Friedman was unable to affirm that the company is definitely planning on launching bitcoin futures contracts, the CEO emphasized Nasdaq's desire to offer a product differing from the futures offered by CBOE and CME – should the company launch said contracts in the future.

Mrs. Friedman Confirmed That Nasdaq Is Exploring Offering Bitcoin Futures Contracts

Mrs. Friedman told media, “We are continuing to investigate the idea of a cryptocurrency futures (contract) with a partner and we continue to look at the risk management around that, making sure we are putting the right protocols in place, making sure there’s proper demand, and that the contract is different from what’s already out there.”

Nasdaq Expected to Develop Bitcoin Futures Contracts Unique From Those Issued by Rivals

Despite the hype surrounding the launch of bitcoin futures contracts issued by mainstream financial institutions, the event so far appears to have signaled that BTC's dramatic multi-year bull-run was coming to an end. After initially trading at $20,650 USD in December 2017, CME's January contracts recently settled for $10,900 – comprising a loss of more than 47% from the opening price, and reaping great returns for those who chose to short the contracts close to launch.

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The post Nasdaq-Issued Bitcoin Futures Contracts May Comprise “Investment” Rather Than “Tracking Stock” appeared first on Bitcoin News.


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