Nasdaq Inc. is reportedly unfazed by the cryptocurrency bear market and is fully committed to listing Bitcoin futures in a matter of months.
Two sources close to the matter told Bloomberg that the financial giant is moving full steam ahead.
“Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019, one of the people said.”
Nasdaq is looking to join CME Group Inc. and Cboe Global Markets Inc, which launched their contracts late last year.
Bakkt, the new company created by the owner of the New York Stock Exchange, is planning to launch its physically backed Bitcoin futures product on January 24th, pending regulatory approval.
Reports of Nasdaq’s plan to list Bitcoin futures first surfaced in November 2017, but so far the company has been reluctant to publicly announce an official launch date.