Nasdaq Considering New Bitcoin Futures Proposal

CEO of Nasdaq confirmed confirmed earlier reports that the Nasdaq is looking into bitcoin futures
24 January 2018   458

The Nasdaq Exchange is considering opportunities to make investors a unique offer in the bitcoin futures market, which will differ significantly from the services of competitors. This was stated by the head of the organization Adena Friedman in an interview with CNBC.

We are continuing to investigate the idea of a cryptocurrency futures (contract) with a partner and we continue to look at the risk management around that, making sure we are putting the right protocols in place, making sure there's proper demand, and that the contract is different from what's already out there.

Adena Friedman

CEO, Nasdaq

According to the head of Nasdaq, futures for CBOE and CME are based on bitcoin price tracking and its price in the future. Friedman also strives to develop an alternative concept in which the main role will be played by the spot rate, rather than the price of the asset in the future.

What we might look at is more of a total return futures, so it's a little bit of a different construct, more of an investment than a tracking stock.

Adena Friedman

CEO, Nasdaq

Earlier, the Wall Street Journal published information that Nasdaq would launch bitcoin futures in the first half of 2018, but Aden Fridman refused to confirm or deny such rumors, stressing that all initiatives regarding bitcoin are at an early stage of development. 

German Exchange to launch Bitcoin Products

Deutsche Boerse, the Frankfurt Stock Exchange holder, is deciding about the providing cryptocurrency products
24 May 2018   77

Reporting in London on Wednesday, at a significant event of the sphere, Jeffrey Tessler (the firm's chief of customers, products and core markets), declared: "We are deep at work with it." Nevertheless, any move into the crypto space from the stock exchange might not be forthcoming fast. When CME Group and Cboe Global Markets both started bitcoin futures trading last December, Tessler further claimed during the event that Deutsche Boerse is "not at the same stage." According to his point of view, the company is attempting to understand the volatility of the bitcoin market first and insuring clients and regulators are "in line" before stepping ahead with any offerings.

Whilst a move into offering bitcoin products is not definite, the exchange has already been active in the blockchain field. Deutsche Boerse unvealed details to CoinDesk about its plan to move the majority of its post-trade services to a blockchain last June. It affirmed at the time that it was interested in building a system, using Hyperledger's open-source Fabric protocol, in order to transfer securities and move commercial bank money, while still undertaking cross-jurisdictional compliance with regulators.

Also, as recently as March, the group declared it wish to deploy a platform for more operative securities lending using R3's Corda blockchain tech.