The NASDAQ, an American stock exchange, is to start launch Bitcoin Futures, despite the current bear market. The second largest stock exchange in the world, is preparing to open in the first quarter of 2019, a Bitcoin futures market, reported Bloomberg.
According to Bloomberg, the Nasdaq has worked with the Commodities and Futures Trading Commission (CFTC), in order to obtain permission to work as a provider of crypto-currency futures. The U.S. Commodity Futures Trading Commission (CFTC) is an Autonomous Department, the in the year founded in 1974, the U.S. government, which regulates Futures and option markets.
Nasdaq is moving ahead with a plan to list Bitcoin futures, sources say https://t.co/SZAHnZss3Z
— Bloomberg Crypto (@crypto) November 27, 2018
In the report it is stated:
The Nasdaq worked to satisfy the concerns of the major Swap regulatory authorities of the USA and the Commodity Futures Trading Commission before the Futures on the market, was expressed by the involved. After last year, for the first time, it was reported that the NASDAQ has the Bitcoin Futures in the eye, she wants to start trading in the first quarter of 2019, the responsible.
Influence of the NASDAQ on Bitcoin:
In August 2018, the Intercontinental Exchange (ICE), “Bakkt had announced“ a global platform for digital Assets. ICE is the owner of the New York Stock Exchange (NYSE). ICE had announced plans to set up a new company, whose goal is to make Bitcoin a popular financial tool to. “BAKKT” is a platform that acts as a link between institutional investors and the crypto world. All the Future will be covered-contracts with Bitcoins. This means that Bitcoins need to actually be and for the duration of the Futures contract kept bought. This could lead to a shortage of Supply and the Bitcoin price at at least a constant and a persistent demand to stabilize.
The company will leverage Microsoft Cloud solutions, to develop an open and regulated crypto-platform. They also work with companies such as BCG, Microsoft, Starbucks, and others, to develop a unified platform that allows customers to buy digital Assets in a fully connected network, sell, save and spend. Subject to compliance with the objectives of the Nasdaq, you could have the crypto-market by the second quarter of 2019 on Nasdaq and NYSE, two of the largest stock exchanges in the global market for Bitcoin Futures.
According to CCN, the demand of institutional investors can be measured currencies, in Crypto, just by the volume, the BAKKT, Fidelity Digital Assets, Goldman Sachs, BitGo Custody, Coinbase Custody, and other important OTC markets can.
Until today, this Bitcoin Futures are the only way to market, regulated investment in crypto-currencies have to offer. More institutional money to get in the crypto market to the individual provider to get the permission of the SEC for a Bitcoin ETF.
Bloomberg reported that Bitcoin brought Futures the financial world enchanted fast and stability in the crypto-market by large derivatives Brokerage as CME Group Inc. and CBOE Global Markets Inc. an accelerated method of Certification introduced in order to bring your Futures contracts in December last year, at the height of the global Kryptowahns on the market. After CME and CBOE had filed their Futures contracts, said the CFTC, an improved method for stock exchanges, to approve a digital currency derivatives.
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