Nasdaq, the top-2 stock exchange in the world, reportedly confirmed the launch of bitcoin futures contracts in H1 2019.
According to UK news media, Joseph Christinat, Vice President of Nasdaq’s media team, has confirmed this plans saying that their team surely works on this route. Moreover, it was stated that the launch of bitcoin futures is subject for the approval of the US CFTC.
The company told UK news agency Express that it has been sizing up the crypto sector for many years, while most of the year was spent on the bitcoin futures.
"Bitcoin Futures will be listed and it should launch in the first half of next year – we’re just waiting for the go-ahead from the CFTC but there’s been enough work put into this to make that academic. “We’ve seen plenty of speculation and rumours about what we might be doing, but no one has thought to come to us and ask if we can confirm it, so, here you go – we’re doing this, and it’s happening," commented Christinat to Express.
Moreover, he added that the crypto market downturn would not become an obstacle for them, adding that Nasdaq joined the blockchain industry when the technology only appeared. The company invested did a lot for that, so this decline is unlikely to stop them.
It was reported earlier reported earlier that Nasdaq had entered into a partnership agreement with VanEck to launch new financial products (bitcoin futures) at the Consensus: Invest conference.