A Bloomberg report on Tuesday, citing"people knowledgeable about the matter," said that Nasdaq will probably still list its own bitcoin futures contracts Q1 2019, regardless of the weak crypto markets throughout the previous year. It is now working through regulatory issues with the Commodity Futures Trading Commission (CFTC), they added.
Back in February, the CFTC strengthened its review procedure for cryptocurrency futures products. As trades present new crypto products onto the market its new checklist pertaining to Designated Market Contracts and Derivatives Clearing Organizations was aimed to assist authorities.
The Nasdaq contracts have been said to be predicated on bitcoin's spot cost on"numerous" exchanges, and will be published by New York-based investment management company VanEck.
Nasdaq was first disclosed to be planning to supply bitcoin futures in November of last year.
The very first bitcoin futures contracts struck the markets almost a year ago, with offerings from CBOE and CME Group arriving as bitcoin prices peaked for their all-time large near $20,000 in December.
More lately, the Intercontinental Exchange (ICE) announced it is launching a delivered bitcoin futures product through a new exchange named Bakkt. That launch was postponed from a December 2018 launch date to January 2019 due to the "volume of interest" in the business and the"work needed to get all the pieces in place," the firm said.
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