Bitcoin futures contracts have been introduced by many traditional finance institutions, including the Chicago Mercantile Exchange (CME) and the InterContinental Exchange’s new venture Bakkt.
Nasdaq, the second largest stock exchange in the world, known for embracing technology is surprisingly the last on board of that train. There were rumours that they’d be listing Bitcoin futures in the first half of 2019, which did not take place.
In a recent interview with Bloomberg, Adena Friedman, CEO of Nasdaq, confirmed that the exchange was looking to launch Bitcoin futures contracts soon with an unnamed business partner. The CEO stated:
“We have been working with the industry and with a great partner to look at whether or not it’s the right thing for us to do. And I think that we’re still evaluating that.
We’ve been talking with the industry to say is this something [unique.] We already have two Bitcoin futures out there…
If you’re going to create a product, you want to know that people are going to use it, and use it differently than how it’s being used today. The second thing is, we’d have to self-certify as a futures exchange for this. And we would use our NFX license to do that, but we have to make sure, from a risk-management perspective, we are fully prepared. And those are the two things we’re still working on”.
NASDAQ image licensed via Shutterstock