The cryptocurrency futures market took another two steps towards normalization Tuesday.
LedgerX beats NASDAQ and ICE to the retail cryptocurrency futures market
The CFTC has awarded the company the first futures trading license open to individuals rather than institutions
The U.S. Commodity Futures Trading Commission (CFTC) announced on June 25 that it has approved LedgerX’s application as a designated contract market (DCM). A DCM may “list for trading futures or option contracts based on all types of commodities and that may allow access to their facilities by all types of traders, including retail customers,” according to the CFTC.
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…
ICE heats up on crypto with Starbucks
NYSE’s owner launches crypto initiative with another household name
Last month, the owners of the New York Stock Exchange quietly bought a domain name for a made up word. The misspelled wordplay belongs to startup Bakkt—pronounced ‘backed’—which had been in the works for months. Bakkt introduced itself to the world Friday as a digital asset ecosystem hoping to make cryptocurrency mainstream for consumers and merchants. That’s the goal of many a crypto company, but this time it might be more than just talk. Bakkt will launch with an impressive global partner, Starbucks. “As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars…