The Nasdaq Exchange Could Start Offering Bitcoin Futures as early as June 2018, According to a Report published by the Wall Street Journal. The report says the stock market will follow behind the two Chicago-based markets that have already outlined the details of their Bitcoin futures.
While regulatory approval is still pending, the reality that Bitcoin futures are a -demand option has led a number of exchanges to at least consider the possibility. According to John D 'Agostino, a former Nymex board member and current board member:
"Each research department of each regulated stock exchange says: "Can we do that? "With whom are marketing? If people want to trade this thing, why not you? It's a gift from heaven."
According to the report, the exchange would add the Bitcoin contract on its existing Nasdaq Futures platform (NFX). The platform was launched in 2015 and is mainly focused on energy trading, but could now be converted back into cryptocurrency contracts.
While CME Group has a much larger futures market than the Nasdaq, retail investors. The Nasdaq imprimatur could make a significant difference for ordinary investors who might be immune to buying digital currencies.