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Nasdaq ‘still evaluating’ own bitcoin futures feasibility

Nasdaq started the talk about laungin own bitcoin futures in NOv 2017, with the potential launch slated to happen by June 2018, at earliest. But they are still estimating whether it’s the right time to come up with their own BItcoin futures.

With the futures products of Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME), it is a competition to come up with something unique.

Nasdaq CEO, Adena Friedman, said that they are looking for something “unique enough” wo make it different from their competitors and attractive for their users.

We have been working with the industry … to look at whether or not [launching our own futures product] is the right thing for us to do,” Friedman said, adding that Nasdaq is “still evaluating that.”

When asked whether Nasdaq would consider launching future products based on other cryptocurrencies like XRP or ETH, Friedman mentioned,

“We have two exchange-traded notes that are listed in our Nordic markets … one is an Ethereum ETN, and the other is a Bitcoin ETN. So we would look more holistically at cryptocurrencies, not just at one. Our view is that digital currencies and cryptocurrencies will have a role in the global economy,”

 

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