Nasdaq Set To Launch Bitcoin Futures

11/29/2017 - 17:35 UTC
Nasdaq To Launch Bitcoin Futures

It seems that significant financial players are one after the other jumping on the Bitcoin bandwagon. Nasdaq is set to launch a bitcoin futures product next year, according to trusted sources of Business Insider.

Nasdaq, the famous exchange operator based in New York, is preparing to launch a bitcoin futures contracts, allowing investors to bet on the future price of Bitcoin.

Two Chicago-based exchanges, CME and Cboe, have previously announced their bitcoin futures products as reported here on

According to financial analysts, futures, will likely dampen bitcoin's spine-tingling volatility and help the coin further push into the mainstream.

The move appears to be a change of tune for Nasdaq that previously has shunned cryptocurrencies. In October, Nasdaq CEO Adena Friedman described initial coin offerings as "bleeding edge."

At the time she had said: "Nasdaq doesn’t tend to get engaged in the bleeding edge."

In the meantime, Bitcoin appears unstoppable breaking new records almost every day in the past week.


Disclaimer: This article should not be taken as, and is not intended to provide, investment advice on Bitcoin, Cryptocurrencies or finance in general.