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New instruments, new opportunities - A confirmation of launch of NASDAQ bitcoin futures

The renowned US stock exchange operator, NASDAQ has now clarified its plans of launching Bitcoin futures in 2019.

While a crypto exchange ErisX has raised $27.5 million from Fidelity Investments and NASDAQ Ventures, among other investors. NASDAQ has been the world’s renowned stock exchange, while the United States investment firm Fidelity administers over $7.2 trillion in client assets.

ErisX offers both futures markets as well as spot trading for Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), seeking approval from pending regulatory norms, as per Reuters reports.

Well, with a pending license as a clearing organization with the U.S. Commodity Futures Trading Commission (CFTC), ErisX has now gained backing from reputed names, such as, DRW Venture Capital, Pantera Capital, Virtu Financial, NEX Opportunities, TD Ameritrade (AMTD), Digital Currency Group, and CBOE Global Markets.

This capital financing would aid the company accelerate the development of the intermediary-friendly, CFTC-regulated futures exchange (registered) and clearing organization (registration pending). 

While NASDAQ Bitcoin futures most likely to launch in 2019. This announcement has come in as a confirmation of an earlier report that quoted inside sources that saying the launch would happen next year, as per the exchange’s media team.

According to Joseph Christinat, the Vice President of the exchange’s media team, the launch was contingent on obtaining a favorable response from the United States Commodity Futures Trading Commission (CFTC). For the NASDAQ senior executive, the platform has put in a lot of work and approval is almost a foregone conclusion.

Currency Strength Index: FxWirePro's hourly BTC spot index has shown -88 (which is bearish), while USD is flashing at 40 (bullish), while articulating at 10:12 GMT. 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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