The two biggest stock exchanges of the world are in order the New York Stock Exchange (NYSE) and Nasdaq Inc. We recently reported about Intercontinental Exchange (ICE), the owners of NYSE, which recently postponed their BTC futures launch date from Dec 2018 to 24th Jan 2019 via their own subsidiary Bakkt. Now, despite the ongoing crypto bear market, Nasdaq is also targeting BTC futures launch some time in Q1 2019. Both exchange giants NYSE and Nasdaq are based in New York.
Nasdaq had first publicly expressed its interest in launching BTC futures on its platform last year in November 2017. That time was the start of last years epic crypto bull run when BTC was just $11,000. Now more than a year later, the service launch is on the horizon. Present challenges primarily include following the regulations and requirements of US’s main swap, the Commodity Futures Trading Commission (CFTC). The future BTC contract will have price of underlying asset Bitcoin formulated from numerous spot exchanges which are compiled by VanEck Associates Corporation. The latter provides its services to investment companies, pooled investment vehicles, pension and profit sharing plans, charitable organizations, and state or municipal government entities. Like NYSE & Nasdaq, VanEck Associates Corporation is also based in New York.
Stay tuned and don’t miss the future. The Future is Now!
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