NASDAQ will introduce Bitcoin futures contracts next year

Yesterday, the Bitcoin exchange rate was shocked by the news that NASDAQ is planning to introduce futures for this instrument into its offer. Thus, it is the third known stock exchange in the world that has announced such plans. Earlier, they already declared such willingness CM extension and CBOE.

#Bitcoin futures - when?

For now, too many details are unknown. It is only known that NASDAQ Inc. would like to introduce a new instrument in the 2018 year, probably not faster than in the second quarter. However, these are unofficial information that Reuters and Bloomberg refer to.

The NASDAQ Stock Exchange has a relatively small share in the futures market (comparing it to CME or CBOE), but nevertheless it is very positive information for fans of the most popular cryptocurrency. The growing interest from major financial market players and Wall Street players is a signal that the market is waiting for further, very dynamic development.

According to Reuters, the futures contracts that are to appear in the NASDAQ offer are to stand out from the competition. The main difference is to base the bitcoin rate on a price index calculated on the basis of quotations from as many as dozens of global exchanges. The data is to be provided by a company specializing in money management - VanEck Associates - which already this year tried to launch an ETF on Bitcoin, which was blocked by the American Exchange Commission (SEC - US Securities and Exchange Commission).

Bitcoin is already buying the street - the bubble is bursting?

According to information from the London BLockchain.info website, which provides wallets for popular cryptocurrencies, last Tuesday over 100 000 people opened new bills. Thus, the customer base has reached the staggering number of 19 millions. This is a clear sign that the street enters the game, and for experienced investors such information is a signal that we may have to deal with the recent surges of such spectacular increases and soon the bubble may start to crack.

The current interest around this cryptocurrency no longer has much to do with the functionality of Bitcoin as a means of payment. It became clearly a purely speculative instrument. Only yesterday the amplitude of fluctuations amounted to as much as 2200 $, ie over 22% of the output value from the previous day. After breaking new historical records at the 11 400 $ level, the course dived back to 9200 $, eliminating increases from the entire week.

Bitcoin, M15, 27-30 November 2017