Confirmed: NASDAQ will start trading future Bitcoin starting in 2019
Market analysts say that this measure will boost trade with the digital currency, since it will bring greater confidence and transparency to the commercial ecosystem even though it is not yet fully regulated.
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Reports recently published by digital media claim that the second largest stock exchange in the US, NASDAQ, will start trading future Bitcoin starting next year.
According to information published by the Daily Express news portal in the United Kingdom, rumors were finally confirmed in which it was ensured that the stock market would be to list these digital assets in its commercial platform, which leaves open the possibility of greater adoption of the digital currency worldwide.
As explained by Daily Express, NASDAQ's vice president of media, Joseph Christinat commented:
The future Bitcoin will be included in our listings and will be launched during the first half of 2019.
Christinat added that NASDAQ expected authorization from the Commodity Futures Trading Commission (CFTC), but indicated that this was already a fact and that it is only expected by the official publication.
Bitcoin Futures on NASDAQ
During the interview with Christinat, the official assured that the stock exchange has been actively working to introduce the possibility of trading with future Bitcoin, so he indicated:
We are making a great effort and it is finally happening. With this, the volatility that we currently see in the market prices will not have any effects on whether or not to include them in the commercial listings.
The measure was cataloged as positive by many analysts around the world.
David Cheetham, analyst at XTB in London commented:
It seems that NASDAQ has been doing this for some time, so it does not seem to be an impulsive decision. That is a very serious plan.
For its part, the IG Group's chief analyst, Chris Beauchamp, commented that this announcement would have a very positive effect on merchants and brokers, since it would bring greater visibility and transparency within a market that is not yet fully regulated.
The future for the ecosystem
The decision of NASDAQ has been highly valued by a large number of people in the US. Many claim that this will lay the foundation for the future of Bitcoin.
John Wintnerbusch, market analyst in New York, commented:
This is the turning point that people will remember in the next few years, and that is where they will say that the economy of cryptocurrency really emerged.
And I add:
Once Bitcoin is listed on the NASDAQ platform, there will be no way to stop the advancement and evolution that cryptocurrency will see within the future of the financial ecosystem.
