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Despite The Plunging Prices Nasdaq Decides To Pursue Bitcoin Futures

As the Bitcoin price plunges, it’s demand remains constant. As Nasdaq decides to pursue Bitcoin Futures.

Bitcoin has seen a terrible month in November, as the Bitcoin price has fallen up to 45%. This is after the split of Bitcoin Cash into two, as the developers and miners couldn’t reach an agreement. The people said that Nasdaq is striving hard to satisfy the concerns of the U.S’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts.

One among them said that the New York exchange operator wishes to allow trading in the first quarter of 2019Bitcoin Futures fascinated the financial world and aroused resistance from large derivative brokerages. There were high hopes that Bitcoin futures would lead in a new era of institutional crypto investment. But, trading in them accounts to be the modest. And the digital currency plummets from around $20,000 to less than $4,000.

As soon as the CME and Cboe lists their contracts, the CFTC announces to have an enhanced review process. This helps for exchanges who are willing to list virtual currency derivatives.

In January, Nasdaq Chief Executive Officer Adena Friedman said, the exchange was regarding the question of distinguishing the its plans from contracts, that the competitors had already offered.

Basically, Nasdaq’s future totally depends on the Bitcoin price on numerous spot exchanges, as compiled by VanEck Associates Corp, one of the persons said. CME opts the prices from four markets, although it’s just one at CBOE. VanEch has been trying to get approval from the SEC for a crypto-based exchange traded fund.

What do you think about Nasdaq’s decision to continue with Bitcoin Futures? Share your thoughts in the comment section.

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Despite The Plunging Prices Nasdaq Decides to Pursue Bitcoin Futures
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Despite The Plunging Prices Nasdaq Decides to Pursue Bitcoin Futures
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As the Bitcoin price plunges, it’s demand remains constant. As Nasdaq decides to pursue Bitcoin Futures.
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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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