RATE Group | As Nasdaq explores a bitcoin futures product, it is considering two things
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As Nasdaq explores a bitcoin futures product, it is considering two things

26 Jan As Nasdaq explores a bitcoin futures product, it is considering two things

Posted at 04:00h in Bitcoin News by

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Nasdaq is still kicking the tires on a possible bitcoin futures product, according to chief executive officer Adena Friedman. 

In an interview with Bloomberg News, Friedman said the firm is currently exploring the launch of a bitcoin future with an unnamed partner. In November 2017, The Wall Street Journal reported Nasdaq was working on such a product with Cantor Fitzgerald, aiming for a launch in the first half of 2018. Since then, a number of bitcoin derivatives products have come to market, including bitcoin futures by rival Intercontinental Exchange, which launched via its Bakkt subsidiary in September 2019. 

As for Nasdaq, Friedman said there are two considerations that could impact the roll-out of its bitcoin futures product. 

First, the firm wants to ensure it can bring to market a product that is differentiated from the competition. Second, it wants to ensure it has the proper risk-management foundation in place for a future tied to the cryptocurrency. 

“So the first thing…

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