According to the Wall Street Journal, Nasdaq, the world’s second largest stock exchange by market capitalization, is aiming to launch bitcoin futures contracts in the first half of 2018. The report indicates that the stock exchange will follow suit behind the two Chicago-based markets that have already indicated the specifics of their Bitcoin futures plans.
An excerpt from the report reads:
“Nasdaq’s bitcoin contract would debut on Nasdaq Futures, or NFX, a marketplace that the New York-based exchange group launched in 2015 that until now has mainly focused on energy trading, according to the people familiar with the situation.”
While regulatory approval is still pending, the reality that Bitcoin futures are an in-demand option has driven a number of exchanges to at least consider the possibility.
While CME Group has a much larger futures market than Nasdaq, the latter has greater name recognition among retail investors. Nasdaq’s imprimatur might make a significant difference for ordinary investors who might be on the fence about whether to buy digital currency.