Nasdaq: cryptocurrencies will play a significant role in the global economy
Nasdaq CEO Adena Friedman, in a conversation with Bloomberg, said the world's second largest stock exchange is still considering launching bitcoin-based futures.
According to her, the company is currently evaluating the feasibility of launching such products, negotiating with various representatives of the industry. Friedman added that Nasdaq would like to launch a competitive financial instrument that is different from those already on the market. In addition, the company is concerned about ensuring effective risk management in the context of new products.
“The first thing you need to make sure when creating a product is whether people will use it differently than they do now,” said Adena Friedman. “We must also undergo self-certification as a futures exchange.” We could use our NFX license for this, but we need to make sure that everything is ready in terms of risk management ”
Friedman also emphasized that cryptocurrency-based exchange products are already being traded at the Nasdaq Nordic subsidiary.
According to her, Nasdaq is confident that cryptocurrencies "will play a significant role in the global economy."
Recall that initially the launch of bitcoin futures on Nasdaq was planned in the first half of 2019.
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