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The plan is yet another sign of a large exchange operator pushing bitcoin further into the mainstream investing universe. Nasdaq is a comparatively small player in the futures market, which may make it harder to cultivate an image as a destination for cryptocurrency derivatives trading. One way Nasdaq seeks to differentiate itself seems to be in the amount of data it uses for pricing the digital currency contracts. The Nasdaq contracts are also designed to handle bitcoin hard forks more elegantly, the person said.
Hard forks occur when miners agree to changes in the network that underpins the cryptocurrency, creating a new version. Bitcoin currently trades on virtually unregulated markets.
Nasdaq, CME and Cboe are heavily regulated, bringing an air of legitimacy that should help professional investors feel more comfortable participating. Anyone on the sidelines has missed out on a massive rally: Facebook Twitter LinkedIn Instagram. About The Company Bloomberg London.
Global Risk Briefing Road to Brexit: Latest Issue Debrief Podcast Subscribe. Annie Massa antoniabmassa More stories by Annie Massa. November 29, , CME, Cboe have already announced plans for bitcoin contracts. Nasdaq wants to launch them as early as 2Q, source says.
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