Futures allow people to take advantage of the short-term movement of investments such as commodities, currencies, securities, and stocks’ prices, but without necessarily having to own the underlying asset. Having futures can allow a more diversified portfolio.
NASDAQ confirmed they would launch Bitcoin futures
NASDAQ will list Bitcoin futures, and Joseph Christinat said that this is scheduled to happen sometime in the first half of 2019.
This will definitely trigger a mass exposure for Bitcoin for both regular investors and institutional ones.
“Bitcoin futures will be listed, and it should launch in the first half of next ￼year. We’re just waiting for the go-ahead from the CFTC, but there’s been ￼enough work put into this to make that academic,” Christinat said via Daily Express.
He continued and explained, “We’ve seen plenty of speculation and rumors about what we might be ￼doing, but no one has thought to come to us and ask if we can confirm it, so, ￼here you go – we’re doing this, and it’s happening.”
Moving towards crypto adoption
NASDAQ’s plan is a massive step towards the mainstream adoption of Bitcoin. There have been other events that supported this as well recently.
For instance, Oracle Times notes that “another remarkable achievement that the crypto community celebrated was the world’s first ETP under the symbol HODL that was just launched by the SIX Swiss Exchange.”
The also wrote that Bitcoin has also been seeing enhanced adoption in the retail space via the launch of Bitplaza app on Google Play and iTunes. This app is great because it allows anyone to spend BTC on all kinds of daily items.
Sony also revealed that they created a crypto hardware wallet tech that will be soon on the markets.
Despite the high volatility of the cryptos’ prices and especially despite the recent market fall, the crypto space is moving forward with its plans to achieve mainstream adoption.