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.
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.
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.