Hot News!!!!! Nasdaq to launch Bitcoin futures with more potential than CBOE and CME’s product

Following the launch of Bitcoin futures by CBOE and CME in Mid December 2017, Nasdaq is now heading up to offer bitcoin futures contract.

Adena Friedman, CEO of the stock exchange reported CNBC that Nasdaq is investigating unique ways to offer cryptocurrency futures, which are different to rivals. However, during a discussion at the World Economic Forum in Davos, Switzerland, she said that the exchange is in an “exploratory phase” for Bitcoin future launch.

“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,” she added.

Aside CBOE and CME’s bitcoin future, Friedman noted potentials of blockchain technology and said Nasdaq’s Bitcoin future would let investors experience something new. Pointing to CBOE and CME’s operating system, she explained that operation of these exchanges solely depends on Bitcoin’s current and future price. And Nasdaq is set to offer a different contract, Friedman emphasized. Moreover, it has also come to the picture that CME determine its next price using four previous reports whereas, Nasdaq will execute 50 into place.

Though the exact timeline is not revealed yet, however, according to multiple sources, Nasdaq may launch their bitcoin futures in early 2018.

According to her statement, Nasdaq is acute to offer total return futures than just a tracking stock. She emphasized on spot rate tracking to fix the product price than just to probe out future bitcoin price.

“We will have to see whether it makes sense at the end of the day, proper client demand, and on a risk-management side ‘do we feel confident?,’ in which case we would look to go to the CFTC (Commodity Futures Trading Commission),”

Investors and crypto geek are likely to experience the potential of Bitcoin market from the future launch announcement by Nasdaq.