NASDAQ once again reminds about its plans on Bitcoin futures

NASDAQ’s Bitcoin futures platform is still in development, confirms Adena Friedman, CEO of the exchange, in her recent interview to CNBC. Her colleagues are now estimating if the launch is really worth it and the market’s possible reaction to this mechanism. They are also concerned with the uniqueness of NASDAQ’s futures in comparison to those which already exist.

The CEO of NASDAQ has concluded that if the further development proves reasonable enough, they will file a request for the Commodity Futures Trading Commission to review and allow their version of Bitcoin futures like they already did with CME and CBOE.

Bitnewstoday already described the opinion of the lawyer from Kleinberg Kaplan seen in the media in December: NASDAQ’s Bitcoin futures will be better than both than futures issued by CBOE and CME, because the price sourcing will be much wider.

Good price sourcing means here that the price of the futures contracts issued by NASDAQ will be based upon at least 6 independent sources - cryptocurrency exchanges - while CBOE’s futures are based on the price from Gemini, a digital currency exchange partly owned by none others than the Winklevoss brothers, who benefitted from the rise of Bitcoin considerably.