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Nasdaq is all set to launch cryptocurrency in 2019

nasdaq to launch cryptocurrency in 2019

NASDAQ, the world’s second-largest stock exchange, and recently various sources have reported that it is planning to list its Bitcoin futures. The exchange hopes to diminish all doubts before initiating the actual contracts. This way the United States Commodity Futures Trading Commission can be satisfied too. Moreover, sources claimed that the exchange would be ready for trades as soon as early 2019.

The exchange is convinced that the crypto market will bounce back regardless of the fall it has taken in the previous few weeks. It had collected around 200 million Dollars through public funds.

NASDAQ has faced competition as it is not the sole exchange that’s investing in crypto futures. However, NASDAQ has taken a unique route. NASDAQ has joined the markets due to the constant demand from esteemed institutional investors of the United States’ markets.

NASDAQ has one last obstacle that it has to overcome before the launch. It still has to obtain permission from the regulatory agencies, and its success will provide the crypto market with two of the biggest stock exchanges that would be dealing in Bitcoin future markets.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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