The Wall Street Journal has revealed the information, according to which Nasdaq will offer futures contracts for Bitcoin by the middle of the year 2018. This new comes as a few weeks ago, Chico Merc (CME) and Cboe have announced that they will also offer a futures contract for Bitcoin by the end of this year. All of these initiatives could mean the integration and the formal adoption of the crypto-currency is the most popular in the world in the network of the financial market in the world.
Nasdaq seeks to enter massively the Bitcoin to Wall Street
Despite the fact that it points to the second place in terms of trading volume on the New York stock Exchange, the Nasdaq national market is a hub of trade in securities. It is known to be the paradise of the actions related to the technology. It must be remembered that the Nasdaq has been flirting with the Bitcoin on a european stock exchange, but this time, Nasdaq wants to undertake a massive entry of this crypto-currency in a market that is completely different. In fact, the Bitcoin has long been regarded in professional circles as being too volatile. However, the managers of money are often looking beyond the media hype and have discovered in the Bitcoin, not just a currency, a payment system and a store of value, but also a new way of enforcing the contracts.
Cantor Fitzgerald also wants its share of the cake
Cantor Fitzgerald LP, too, will provide derivatives Bitcoin on its platform at the beginning of the second half of 2018. A senior officer of Cantor Fitzgerald LP, Shawn Matthews said in an interview : “The category of the assets will not be closed. If you look at the next level, then this will be the institutions that will be the most important on the market, especially as the liquidity are solid growths. “Although it is not known for its insight to term, Cantor has an advantage coveted in the sense that it already holds a license for the main regulator of the industry, namely the Comodity Futures Trading Commission (CFTC).
Source : News.bitcoin.com