Nasdaq to pursue BTC Futures despite plunging prices


Nasdaq Inc. has informed the public that, despite headlines this week and plunging prices, it is moving ahead with its plan to list Bitcoin futures, according to Bloomberg.

The New York exchange operator, along with the VanEck company, plans to launch bitcoin futures in the first quarter of 2019.

Despite lofty hopes that Bitcoin futures would usher in a new era of institutional crypto investment, trading in them has been modest and the digital currency has plunged from around $20,000 to less than $4,000.

Jeffrey Sprecher, chairman of the NYSE and CEO of its parent company, Intercontinental Exchange (NYSE:ICE), explained that despite all the headlines and plunging prices, digital assets have a future in regulated markets, as reported by CNBC earlier today.

Existing bitcoin futures on the CME and CBOE settle in cash. Those futures contracts this week hit their lowest prices since they began trading last year.

No additional comment has been given from Nasdaq so far.

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