• Nasdaq
    Bitcoin,  Innovators,  United States

    NASDAQ jumps on the cryptocurrency futures train

    The world’s second largest exchange will launch Bitcoin futures in 2019

    The NASDAQ stock exchange will launch Bitcoin futures trading early next year, a spokesperson confirmed to Britain’s Daily Express on Monday. The world’s No. 2 stock exchange is awaiting approval from the U.S. Commodities Futures Trading Commission (CFTC), NASDAQ’s Joseph Christinat told the British tabloid, adding that NASDAQ is confident it will receive approval and begin trading in the first half of 2019. The Chicago Mercantile Exchange (CME) and Cboe Futures Exchange began futures trading in late 2017. These trades are settled in cash rather than in Bitcoin. With the confirmation of the long-rumored news, NASDAQ joins Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), which has…

  • bitcoin futures
    Bitcoin,  United States

    Institutional investors are now more bullish on bitcoin—at least when it comes to futures

    It’s not a lot but, hey, it’s something

    Large financial institutions may not be as negative on bitcoin as they were before while smaller investors might not be so bullish, according to the latest data from the Commodity Futures Trading Commission. The CFTC’s most recent Commitment of Traders (COT) report shows that asset managers and institutional investors—pension funds, insurance companies, and the like—have switched from being completely short bitcoin to long the cryptocurrency, at least when ti comes to the futures contract on the Chicago Board Options Exchange (CBOE). A “long” position means the investor owns the contract and is expecting prices to rise while a “short” means the contract was sold in anticipation of prices falling. The…

  • Nasdaq
    Bitcoin,  United States

    NASDAQ is launching its bitcoin futures contract sometime in the future

    A few details emerge as CEO Adena Friedman confirms things are in the works

    NASDAQ has been teasing since late last year that it will unveil a bitcoin futures contract, and now we know a little more about how it will work once formally released. Bitcoin’s future pricing is the stuff of hot debate, with strong arguments being made that it will will either soar to new heights in 2018 or crash irreparably. Futures players will be able to place bets on the rise and fall of the volatile cryptocurrency, profiting when they set savvy forward prices. Futures trading is perhaps where fantasy football meets the market—the only thing people love more than being right about a prediction is making money from it. NASDAQ…