[2017-11-29] Nasdaq To Launch Bitcoin Futures In 2018

[ivanpoldark]

Following in CME Group’s footsteps, NASDAQ announces plans to launch Bitcoin futures in the first half of 2018.

The Wall Street Journal reports that Nasdaq Inc. is planning to launch Bitcoin futures as soon the first half of 2018. Nasdaq’s Bitcoin contracts will launch on Nasdaq Futures (NFX), a marketplace launched in 2015 that is most famous for energy trading. This latest news comes in the wake of the CME Group, the world’s largest online trading platform, announcing that they will launch Bitcoin futures this December. Traditional financial institutions have so far been reluctant to support Bitcoin, but the digital currency’s increasing price and popularity would appear to have finally given them no other choice – either take a slice of the Bitcoin business or lose it.

Investor interest in Bitcoin has spread like wildfire, with those totally unfamiliar with markets beginning to show an interest in investing and investment purely due to  Bitcoin’s nascent rise. With the price of Bitcoin superseding $11,000, possibly born from speculation of wider financial market acceptance, it would seem initial investor trust has been rewarded many times over.

Read more: http://bitcoinist.com/nasdaq-to-launch-bitcoin-futures-in-2018/

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[BitHodler]

This should give people even more incentive to keep hodling their coins instead of securing profits right now. These 2 entities could potentially attract billions of fresh capital in quite a short time, which will contribute to even more growth.

If we look at how people on social media respond to CME, which wasn't all that positive, I am sure that this will make them feel even worse. These people strongly believe that these future markets will negatively affect this market.

I however don't see this as something to worry about. Whether it's whales controlling this market or institutions and hedge funds, essentially nothing changes here ~ the market in both cases is subject to manipulation.

[cr1776]

If they launch the futures with options attached it will be a big positive.

[iamTom123]

Following in CME Group’s footsteps, NASDAQ announces plans to launch Bitcoin futures in the first half of 2018. The Wall Street Journal reports that Nasdaq Inc. is planning to launch Bitcoin futures as soon the first half of 2018. Nasdaq’s Bitcoin contracts will launch on Nasdaq Futures (NFX), a marketplace launched in 2015 that is most famous for energy trading. This latest news comes in the wake of the CME Group, the world’s largest online trading platform, announcing that they will launch Bitcoin futures this December. Traditional financial institutions have so far been reluctant to support Bitcoin, but the digital currency’s increasing price and popularity would appear to have finally given them no other choice – either take a slice of the Bitcoin business or lose it.

I have been anticipating this movement from other exchanges and financial institutions to follow what CME is now brewing. and this is just USA, what about other parts of the globe especially the many financial centers we have? I am sure that in 2018 we would see a boom for products and services in the Bitcoin derivatives category introduced by those who are already in the traditional investment platforms. We are all hoping that this trend can be helping Bitcoin a lot for its push in going into the mainstream and the move towards legitimization. Maybe we can already conclude that definitely Bitcoin is really here to stay for a long, long time! Bitcoin continues its tradition of beating the odds and surprising us everyday with new developments all over the world.

[CyberKuro]

Traditional financial institutions have so far been reluctant to support Bitcoin, but the digital currency’s increasing price and popularity would appear to have finally given them no other choice – either take a slice of the Bitcoin business or lose it.

Traditional financial institutions can't easily adopt bitcoin in their monetary system as government rule it and they are supporting fiat currency instead of another currency which recently gains too much value within a year. On the other hand, trading platform, stock market network or fintech companies to be involved in this potential market after proven as a digital asset which constantly increases, even more than 900% in this year.

With the price of Bitcoin superseding $11,000, possibly born from speculation of wider financial market acceptance, it would seem initial investor trust has been rewarded many times over.

Early investors or believers really get the biggest profits, but don't get it wrong as bitcoin still in the first phase of development. Bitcoin futures is another step to gain mass adoption due to the market seems always become the big players a the time, give it some time and then we will see other countries follows US investors.

[jjacob]

This is the copy-car effect. Exchanges have no idea what the demand for Bitcoin futures will be, but they don't want to cede the first mover advantage to CME. Nasdaq has a reputation for being the go to exchange for tech-related stuff and they don't want to miss the Bitcoin wave.

[honeyb0y]

Following in CME Group’s footsteps, NASDAQ announces plans to launch Bitcoin futures in the first half of 2018. The Wall Street Journal reports that Nasdaq Inc. is planning to launch Bitcoin futures as soon the first half of 2018. Nasdaq’s Bitcoin contracts will launch on Nasdaq Futures (NFX), a marketplace launched in 2015 that is most famous for energy trading. This latest news comes in the wake of the CME Group, the world’s largest online trading platform, announcing that they will launch Bitcoin futures this December. Traditional financial institutions have so far been reluctant to support Bitcoin, but the digital currency’s increasing price and popularity would appear to have finally given them no other choice – either take a slice of the Bitcoin business or lose it.

I have been anticipating this movement from other exchanges and financial institutions to follow what CME is now brewing. and this is just USA, what about other parts of the globe especially the many financial centers we have? I am sure that in 2018 we would see a boom for products and services in the Bitcoin derivatives category introduced by those who are already in the traditional investment platforms. We are all hoping that this trend can be helping Bitcoin a lot for its push in going into the mainstream and the move towards legitimization. Maybe we can already conclude that definitely Bitcoin is really here to stay for a long, long time! Bitcoin continues its tradition of beating the odds and surprising us everyday with new developments all over the world.

That will definitely help bitcoin's price to go up in the next years, 2018 will be the deciding year for bitcoin. It is already widespread and when more products and services are released for bitcoin in 2018 government will have a hard time to remove it from circulation. I will definitely hodl my coins for this.

[Rahar02]

CME group and Nasdaq affect the market movement significantly, as people expected bitcoin reach $10,000 in the next year but it turns out to reach over $11,000 at the end of November, surprisingly enough. Bitcoin acceptance growing bigger in some countries and people don't want to miss the huge wave. I'm wondering how far bitcoin futures could push the price within a month, maybe reach $14k-$15k by the end of the year. Especially after Nasdaq announced to launch bitcoin futures as well, provide an open gate for big investors to be involved in crypto-world.

[1Referee]

If we look at how people on social media respond to CME, which wasn't all that positive, I am sure that this will make them feel even worse. These people strongly believe that these future markets will negatively affect this market.

These people have different motives for not really liking this news. It's insanely bullish news for basically anyone holding coins already, but something rather unpleasant for those looking to accumulate as their salaries get paid out every month. If you have like $500 in free to invest capital on a monthly basis, the increasing price makes sure that your $500 will buy you less Bitcoins every passing month. If you look at news articles concerning Bitcoin's record highs, you'll always see people say that the bubble will burst, that it is similar to the tulip bulb craze, etc. They damn well know that they messed up big time by not entering the market at far lower levels while they had enough time to do so.

[Kprawn]

This news pushed the Bitcoin price up with over $2000, so it must be positive. I think most people are very confident that we

might see some more derivatives going the Bitcoin way. I hope we might see a couple of ETF's being approved soon. Where in

the world is the Winklevoss twins these days? {Did they give up after their Bitcoin ETF failed?}  

[freakcoin]

Explain that is it on NASDAQ traded futures? there shares only futures are traded on the CME or am I wrong?

[Samarkand]

Explain that is it on NASDAQ traded futures? there shares only futures are traded on the CME or am I wrong?

The NASDAQ bitcoin futures are not live yet. They are aiming for a launch sometime in 2018.
This implies that they have lost the first-mover advantage to CME Group unless CME group has
to postpone the launch of their Bitcoin futures for some reason.

In my opinion the most interesting thing will be on which exchanges NASDAQ will base their BTC price.
This is particularly interesting, because CME Group decided to ignore the biggest exchanges by volume
(Bitfinex and Bithumb).

[Mark Promo]

Do you think this will help reduce bitcoat volatility? I understand that such a decision stimulates a further increase in the cost of bitcoin, but its significant fluctuations are frustrating.

[ORCAf]

Goldman Sachs CEO Open to Considering Bitcoin Trading Once Currency Becomes Established https://cointelegraph.com/news/goldman-sachs-ceo-open-to-considering-bitcoin-trading-once-currency-becomes-established