Nasdaq Inc. is continuing its plans to list bitcoin (BTC) futures, wagering on the sustained interest of the technology despite recent losses, and plans to launch their product in Q1 of 2019, according to two people familiar with the matter.
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The company has been working to gratify the worries of the Commodity Futures Trading Commission (CFTC) before launching the contracts, said the people.
In December of last year, CME Group Inc. and CBOE Global Markets Inc. brought their BTC futures contracts to market after creating a self-certification process.
Since the launch of the CME and CBOE products, the CFTC announced they would be enhancing the review process for cryptocurrency derivatives.
Nasdaq originally stated the BTC futures contracts would be available by mid-2018, shortly after CBOE and CME Group set their unveiling date.
The new launch date will now likely occur after the launch of Intercontinental Exchange’s Bakkt physical BTC futures product, which will be released on Jan. 24.
However, Nasdaq’s interest in still releasing their BTC futures product may insinuate the recent price drop does not concern Wall Street.