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Binance changes the way it works with the stealboins, SEC can resolve bitcoin-ETF. In 2019, futures for cryptocurrency will be traded on Nasdaq.
The Binance Cryptoсurrency Exchange expands the range of stealboins. Now the market, formerly called USDT, will be renamed USDⓈ. For the user it will lead to the emergence of new trading tools. Now you can use various assets tied to the dollar - USDC, PAX, TUSD.
Against the background of the recent fall in prices for cryptocurrencies, stablebcoins have shown themselves from the best side. Their course turned out to be stable, and the turnover grew several times. In the near future, this asset will not have any competitors, because it ensures constant pricing and convenience in working with other cryptocurrencies.
A representative of the SEC spoke in defense of the Bitcoin-ETF financial tool. Hester Peirce, one of the five members of the American Securities Commission, has announced the support of a financial instrument based on cryptocurrencies. She said that her colleagues did not adequately address the assessment of existing risks.
The American stock exchange can no longer become the "number one" in this direction. The Swiss SIX has already approved ETF trading with a bitcoin-bound contract. Against this backdrop, Hester Peirce made a statement that the SEC might agree to launch a similar instrument. Although the commission is behaving unreasonably conservatively.
In the first quarter of 2019, futures for bitcoin will appear on the Nasdaq stock exchange. The fluctuations of the cryptocurrencies did not affect the trading floor plans to launch this financial contract. Work is underway to coordinate with Commodities Futures Trading Commission (CFTC).
Some problem is caused by the fact that the price of cryptocurrency is formed by a large number of trading platforms. However quotes will be compiled by VanEck, which will allow customers to provide objective quotes data. According to Bloomberg, temporary difficulties do not stop the process of preparing for the launch of new financial instruments.