Nasdaq Confirms Bitcoin (BTC) Futures Launch Planned for 2019

Glen Scarborough / Flickr

Last week, a report by Bloomberg revealed that Nasdaq (NDAQ), the second-largest stock exchange in the world by total capitalization, is reportedly planning to list Bitcoin (BTC) futures as early as the first quarter of 2019.

This report was confirmed on Tuesday by Joseph Christinat, Vice President of Nasdaq’s media team, in an exclusive interview with the Daily Express.

“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,” said Christinat. “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.”

While the cryptocurrency market has suffered significant losses in 2018, Christinat emphasized that Nasdaq’s focus on blockchain technology and cryptocurrency has long been in the works.

“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,” Christinat added.

If approved, Nasdaq’s Bitcoin futures product would join the already approved products offered by CME Group Inc. (CME) and Cboe Global Markets (CBOE).

More: Bitcoin EXCLUSIVE: Nasdaq WILL list Bitcoin Futures from next year – ‘It’s happening’
Photo: Glen Scarborough / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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