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The cryptocurrency will hit the exchange forums based in New York in the first part of next year, subject to the approval of the Commodity Futures Trading Commission (CFTC). The move will mark a change of pace in the way ten-year cryptography accelerates acceptance and mass adoption around the world. Joseph Christinat, vice president of the Nasdaq media group, said: "The Bitcoin Futures will be listed and should be launched in the first half of next year – we are just waiting for the green light from the CFTC, but there has been enough work to do in this to make that academic. "We have seen many speculations and rumors about what we could do, but nobody has thought of coming to us and asking if we can confirm it, so here it is – we are doing this, and it is happening. "
Despite the current cryptic climate – a bearish rift that strips values from anything in its path – confirmation will increase confidence in traditional banking institutions that cryptocurrency has a serious role to play in the future of global finance.
Investors from all over the world rejoiced at the suggestion of a list of bitcoins, but with a minimum of definite confirmation from the Nasdaq that the stock exchange would go ahead with the move. Until now.
It seems that Nasdaq is working on the distribution of Bitcoin Futures for most of 2018, with Christinat pointing out that the organization has seen cryptocurrency for years.
He added: "We entered the blockchain game five years ago, and when the technology first appeared, we looked out the window and shouted" Hey, come here. "
"We put a lot of money and energy into providing the ability to do this and we did it for a long time – long before the market was in turmoil, and this would not affect the timing of this in any way. we are doing independently of what. "
Market analysts such as David Cheetham of the UK-based broker XTB believe the move would be a turning point in terms of acceptance.
He said: "It seems that the Nasdaq has worked on it for a while, which means that it is not an instinctive reaction or a jump on the bandwagon: this is a serious plan.
"At the end of the day exchanges make money through the exchange of volumes and, even if this volume has not yet been seen due to a serious decline, this would be a form of legitimization of the market.
"In general, there is always a risk when dealing with unregulated spaces, so they would rather use futures and this could also create serious market strength".
Chris Beauchamp, Chief Market Analyst at the IG Group, agreed that it would provide greater stability to a cryptocurrency that was all but stable throughout its life.
He said: "Anything that extends bitcoin liquidity and encourages usability is welcomed by brokers and traders.
"It will also bring greater visibility and transparency to a market that has no regulation and, once again, will be widely accepted."
Coin Rivet is a website that offers news, information, analysis, opinions and insights from the rapidly changing world of blockchain.
