Already in the first half of 2019, the Nasdaq Exchange, which ranks second in terms of turnover, will launch its own Bitcoin contracts. According to one of the vice-presidents of the press service of Joseph Christinat, it remains only to wait for official permission to start trading. At the same time, he noted that the CFTC has no reason to refuse.
According to experts, 2019 could be a breakthrough in the development of cryptocurrency as a financial tool. The world expects a number of government decisions that will change the attitude of society to cryptocurrencies. One of the most important is the development of international regulation rules, which is now the responsibility of the Financial Action Task Force on Money Laundering. Not least in importance will be the launch of bitcoin futures on the Nasdaq.
It turned out to be possible after the financial corporation VanEck Associates developed its own trading system Bakkt. If contracts already approved by regulators from CME, CBOE receive quotes from several sources, then Nasdaq does not have such a problem. It is noted that VanEck is working in close cooperation with the Commodity Markets Commission, so there is no doubt about obtaining a license. All requirements of the regulator are taken into account in full.
Moreover, the corporation was able to solve not only the problem of safe and transparent trade. They were able to create their own custodial service for storing cryptocurrency. Therefore, an increased interest in the service of institutional investors is expected.
Now large companies are wary of working with digital financial assets. The solution of a number of problems will allow them to more actively enter this market, which in the future will create an increased demand for Bitcoin and its derivatives. However, the situation will be fully clarified on February 27. It is on this day that the authorities in the person of the SEC will announce their decision. Although VanEck and Nasdaq have no doubt about the positive outcome, there is always the likelihood of a negative outcome.