{"id":20884,"date":"2018-11-27T17:45:32","date_gmt":"2018-11-27T17:45:32","guid":{"rendered":"http:\/\/ci027cfe77300726c3"},"modified":"2025-01-28T16:11:20","modified_gmt":"2025-01-28T16:11:20","slug":"nasdaq-reportedly-looking-bitcoin-futures-despite-bear-market","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/nasdaq-reportedly-looking-bitcoin-futures-despite-bear-market","title":{"rendered":"NASDAQ Reportedly Looking Into Bitcoin Futures Despite Bear Market"},"content":{"rendered":"
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An unconfirmed report released today, November 27, 2018, claims that NASDAQ has plans to launch bitcoin-based futures contracts, and that these plans are continuing to go forward despite the recent crypto crash.<\/p>\n

Bloomberg published an article<\/a> today describing NASDAQ\u2019s history with these futures contracts, claiming that they have \u201cbeen working to satisfy the concerns of the U.S.\u2019s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts.\u201d<\/p>\n

NASDAQ has allegedly been laying the groundwork for these new futures contracts for some time and is now \u201cbetting on sustained interest despite the cryptocurrency\u2019s dramatic plunge over the past year.\u201d Bloomberg included quotes from a source within NASDAQ from earlier this January, showing the long-term nature of these planned futures contracts. <\/p>\n

\u201cThe exchange was weighing how to distinguish its plans from contracts already offered by competitors,\u201d said CEO Adena Friedman, with Bloomberg now claiming that \u201cThe Nasdaq futures will be based off the Bitcoin\u2019s price on numerous spot exchanges, as compiled by VanEck Associates Corp.<\/a>\u201d<\/p>\n

With a long-term interest both in cryptocurrency and in these specific bitcoin-based futures contracts, it would make sense that NASDAQ is continuing to give the futures contracts the green light. <\/p>\n

The space has always been a particularly volatile one, but the 80 percent crash in the value of bitcoin over the course of one year has been enough to agitate the nerves of many investors, even in fields<\/a> only tangentially related to Bitcoin itself. <\/p>\n

If the reports are accurate, it is still unclear when NASDAQ plans to actually release these futures contracts. When and if they become a reality, NASDAQ will be the third traditional financial exchange in the U.S. to launch a bitcoin-based derivative, following in the footsteps of the CME and Cboe, which launched bitcoin futures in December 2017<\/a>. <\/p>\n

To date, these bitcoin futures are the wider market\u2019s only mainstream, regulated crypto investments. With hopes of expanding the crypto market\u2019s institutional-tier offerings in 2018, the industry continues to pursue U.S. Securities and Exchange Commission approval for a bitcoin ETF<\/a>, an investment vehicle that many believe could invite capital from Wall Street<\/a> to invest directly into bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"

An unconfirmed report claims that NASDAQ has plans to launch BTC-based futures contracts, and that these plans are continuing to go forward despite the recent crypto crash.<\/p>\n","protected":false},"author":2545,"featured_media":441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1436,867,340,468],"class_list":{"0":"post-20884","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-derivatives","9":"tag-futures","10":"tag-nasdaq","11":"tag-trading"},"author_data":{"id":2545,"name":"Landon Manning","nicename":"landon-manning","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/img_2749-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/nasdaq-reportedly-looking-into-bitcoin-futures-despite-bear-market.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2545"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20884"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/441"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}