Nasdaq to Roll Out Bitcoin Futures Despite Crypto Bear Market

[Goodcat49]

Improved Review Process
 
BTC futures quickly charmed the financial world and invoked resistance from the big derivatives brokerages when Cboe Global Markets Inc. and CME Group Inc. applied an accelerated self-certification exercise to introduce their contracts to the market in December 2017 at the height of the world cryptocurrency craze. Regardless of high hopes that BTC futures would introduce a new epoch of institutional digital currency investment, trading in them has been unpretentious and the crypto has dropped from almost $20,000 to just above $3,500.   

After Cboe & CME enumerated their contracts, the CFTC declared an improved review exercise for exchanges seeking to list crypto derivatives.   

The SEC Approval for BTC ETF
 
In January 2018, Adena Friedman, CEO of Nasdaq, revealed that the exchange was measuring how to differentiate its plans from contracts already provided by other contenders. The Nasdaq futures will have to be based on the price of BTC on many spot exchanges, as assembled by VanEck Associates Corp., the same person revealed. CME uses prices from four major markets, while as Cboe uses prices from one market.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/nasdaq-to-roll-out-bitcoin-futures/