NASDAQ's plans of derivatives 2.0 - A glimpse at crypto-derivatives

The crypto-space, of late, has been little anxious, the key stakeholders reportedly claimed that NASDAQ intends to launch a Bitcoin futures contracts. With some lingering scepticism calling the news “baseless,” at Consensus: VanEck digital asset strategist Gabor Gurbacs shed some light to clear the air. Gurbacs formally divulged that VanEck was, actually, collaborating with New York-based Nasdaq to “bring a regulated crypto 2.0 futures-type contract” to market.

Nevertheless, the authentic news broke-out, he apparently hasn’t shadowed up the observation concerning the proposed product’s accuracy of the intricacies, as per the Bloomberg report.

Hence, speculators tend to resort owing to the superficial confidentiality, well, with quite a few are keen on knowing if NASDAQ’s instrument would make an optimal utilization of ‘physical’ Bitcoin in custody, unlike CBOE and CME’s futures, however, like Bakkt’s vehicle scheduled for its launch in January. It seems little fudgy if Nasdaq intends to devise such a clumsy feature, However, observing that the exchange is relatively blockchain- and crypto-friendly, physical backing isn’t out of the realm of possibility.

Bloomberg noted that Nasdaq is planning to launch the proposed instrument in Q1 2019, which lines up with the planned release of Bakkt, Fidelity Digital Asset Services, and ErisX. It is important to note that the launch day is dependent on a green light from the U.S. Commodities Futures Trading Commission.

Currency Strength Index: FxWirePro's hourly BTC is flashing at -39 (bearish), hourly USD spot index is flashing at 58 levels (which is bullish), while articulating at (06:33 GMT). 

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