The world’s leading stock exchange, NASDAQ has recently revealed that its Bitcoin Futures will be launched in 2019, confirming earlier reports. The stock exchange operator also added that it remains committed to investing in the cryptocurrency market as it continues to grow.
Confirming this latest development is Joseph Christinat, the Vice President of the exchange’s media team. He revealed that the exchange is putting everything in place to ensure that the Bitcoin Futures is launched in 2019. Reports surfaced earlier claiming that inside sources in the company revealed that the launch will happen next year.
Christinat during an interview with Express stated that the launch will, however, depend on them getting a favorable response from local regulatory body Commodity Futures Trading Commission (CFTC). He is however optimistic that getting the necessary approval from CFTC is something that wouldn’t be a problem considering the fact that they have put in a lot of work to make this happen.
He stated that “We’ve seen plenty of speculation and rumors about what we might be doing, but no one has thought to come to us and ask if we can confirm it, so, here you go – we’re doing this, and it’s happening.”
NASDAQ too committed to back out
The company has put in a lot of work to ensure the launch of the Bitcoin Futures and it won’t be changing its stance now. This latest news comes at a time when the general crypto market continues to experience a bearish trend.
Christinat further stated that “We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time – way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”
Despite the market trend, institutional players continue to troop into the cryptocurrency market as they see a lot of potential in the industry. Recent reports pointed out that Grayscale investors are now in possession of over one percent of the total BTC currently in circulation.
NASDAQ has also been open about its plans towards the cryptocurrency market. This year, the stock exchange operator revealed that it will be launching a security token exchange as well as a cryptocurrency trading platform. However, most of their plan rests upon the regulatory agencies in the country coming with a robust regulatory landscape for virtual currencies.