NASDAQ CEO Confirms Bitcoin Futures Considered
After CME Group and CBOE, Nasdaq was also in question to start trading Bitcoin futures. Adena Friedman, chief executive of Nasdaq, commented on how the company is posing towards possible Bitcoin futures.. While Friedman did not say that the company will definitively launch Bitcoin futures, he did say that if such a thing happens in the future, these trades will be slightly different than those in the CBOE and CME.
Nasdaq Considers Adding Bitcoin
Nasdaq CEO shared his thoughts on the company’s Bitcoin futures with the media, confirming that Nasdaq is considering launching Bitcoin futures. Although the company has confirmed that it is considering these transactions, there is no mention of a certain time frame for these transactions, and nothing has been said that the company will definitely start these transactions.. Friedman said: We continue to examine the management risks of these (transactions)”
Nasdaq Transactions Will Be Different
Friedman was interviewed during the interview with Nasdaq’s Bitcoin futures offerings from the company’s rivals, the CBOE and CME. He also stated that he intends to offer a different financial product than his. Commenting, “What we’re looking at is kind of total return futures, so a slightly different structure,” Friedman described this “financial product” as “an investment rather than a follow-on stock.”. Friedman added:
“We’re going to see if it all makes sense at the end of the day by asking (by looking at) adequate customer demand and ‘do we feel confident in terms of risk-management?’ Futures Trading Commission). looks like. CME contracts traded at $20,650 in December 2017 at $10,900 in January. This means that there is a 47% decrease from the opening price and those who shorted Bitcoin just before the CME started trading are missing out on serious profits.
Join our Telegram channel to stay up to date with all the developments and posts!