Nasdaq - the world's second-largest stock exchange - plans to roll out bitcoin futures in the first quarter of 2019 through a partnership with investment management firm VanEck. Nasdaq's entry into the market is due to increasing demand from institutional investors form U.S Market. "Gurbacs is sure that this approach, will inspire confidence with regulators and organizations trying to get into the cryptocurrency market".
Gabor Gurbacs, VanEck's director of digital asset strategy, revealed the move to "bring a regulated crypto 2.0 futures-type contract" to the market. Both CME and CBOE launched their Bitcoin Futures at the end of past year, when the cryptocurrency market was experiencing the biggest bull run yet.
The price of Bitcoin went below $3,500 this week, the first time in 14 months, which is 80 percent down from its peak of December 2017 and cast a shadow over hundreds of cryptocurrency startups that came up over the last two years.
It was reported yesterday that Nasdaq were still planning on launching the futures contract, in spite of the tumbling price in 2017 that has seen Bitcoin fall from $20,000 to under $4,000.
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Trump also cautioned that a Democratic win by Espy could "revoke" gains Republicans make in the Senate earlier this month. Hyde-Smith hugged supporters at her precinct. "I experienced Jim Crow which you just wouldn't believe", she added.
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Turning to the day ahead, sentiment looks set to remain in the driving seat yet despite the release of first-tier economic data. He also said disruption caused by events such as Brexit might trigger economic distress.
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It said it has also supplied more than half of the 537 4G LTE networks across the world and 59 of the 90 4.5G networks. Huawei has insisted Beijing has no influence over the company. "As the GCSB has noted, this is an ongoing process".
With both Bakkt and Nasdaq Bitcoin futures set to launch in Q1 2019, Lee and others have plenty of reasons to be bullish on Bitcoin.
The physically delivered BTC futures product will be launched on the new cryptocurrency exchange Bakkt.
Earlier, Bakkt was to introduce its Bitcoin Futures in the market by year-end.
In mid-November, the head of the crypto division of trading giant Susquehanna Bart Smith said that the launch of products from Fidelity and ICE will help increase the liquidity of bitcoin and draw in this space a significant amount that will have a positive impact on market development. However, in at the CoinDesk conference, Goldman Sachs head of Digital assets market, Justin Schmidt, revealed that the bank is still not close to introducing the previously announced crypto trading desk announced a year ago. If that's the case then for the short-sighted, bitcoin these days seems like it could be ripe for the big money to start flowing in 2019.