The falling price of bitcoin (BTC) is not deterring the Nasdaq from its plan to list futures of the cryptocurrency during the first quarter of next year.

Quoting unnamed sources, Bloomberg reported Nasdaq has been working to satisfy the concerns of the Commodity Futures Trading Commission before launching the contracts.

The Nasdaq futures will be based off bitcoin’s price on numerous spot exchanges, as compiled by VanEck Associates Corp., a source told Bloomberg.

(The report was subsequently confirmed by VanEck during the Consensus:Invest conference.) 

Nasdaq faces a number of competitors including the New York Stock Exchange’s parent, Intercontinental Exchange, whose Bakkt exchange start date has been pushed back to January.

ThirtyK Staff
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