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Bitcoin [BTC] futures on Nasdaq confirmed by company executive; to be launched in first half of 2019

Anirudh VK

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Bitcoin [BTC] futures on Nasdaq confirmed by company executive; to be launched in first half of 2019
Source: Unsplash

Earlier this week, rumors emerged that Nasdaq, a securities exchange considered only second to the New York Stock Exchange [NYSE] will launch futures contracts for Bitcoin [BTC]. This has now been confirmed by the Vice President of Nasdaq’s media team, who has stated that the contracts will be listed and launched in the first half of next year.

This puts it in the same timeframe as the launch of ICE’s Bakkt futures contract for Bitcoin. This contract was previously claimed to be the saving grace of Bitcoin, as it was slated for launch in early December. However, it has now been postponed for a launch in the tail end of January.

In a statement to Express, Joseph Christinat stated:

“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.”

He further remarked upon the speculation and rumors that have ensued owing to an unconfirmed report by the Wall Street Journal, which sparked the media hype over the contracts. Addressing these rumors, Christinat said:



“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.”

Reportedly, the firm has been working on delivering these contracts for most of this year, with cryptocurrencies being in their vision for “years”. However, the markets are currently in one of their worst slumps this year, as seen by the price of Bitcoin dropping below its crucial $6000 support level to trade at around $4000. The exchange doesn’t seem to be deterred by this, as the VP stated:

“We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time – way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”

The contract is set to trade on the Nasdaq Futures platform known as NFX, as revealed by reporters at the Wall Street Journal. The platform was focused on energy trading until this point. The launch of Bitcoin futures will undoubtedly push the adoption of the cryptocurrency as an asset class and enable it to gain exposure among accredited institutional investors.





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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