Nasdaq is set to launch bitcoin futures
* The exchange operator is set to launch a Bitcoin futures product next year
* Bitcoin futures would allow investors to bet on the future price of Bitcoin.
Nasdaq is hopping on the Bitcoin bandwagon.
This would be the third anuncement of bitcoin futures after two Chicago-based exchanges, CME and CBOE, have also announced Bitcoin futures products, which would allow investors to bet on the future price of Bitcoin
They would also be likely to dampen bitcoin's spine-tingling volatility and help the cryptocurrency push further into the mainstream.
2Q 2018
The firm is planning to launch the product in either the second or third quarter of 2018.
The futures contract would be based on 50 indexes.
CME's product, by way of comparison, is set to be based off of four indexes. The company went with a later launch date because it wanted to give customers enough time to vet the product.
Nasdaq changes of opinion
This movement is a significative signal that Bitcoin is getting the confidence of markets, Nasdaq doesn’t tend to get engaged in the bleeding edge, which has been less bullish on cryptocurrency than other Wall Street firms.