Manoj A.
As Bitcoin continues to grow in its valuation, The Nasdaq exchange is all set to join several other Wall Street professional’s craze for Bitcoin. The popular cryptocurrency which was launched way back in 2008 has seen a huge surge in the past few weeks with it hitting an all time high of $11,000 by Friday. Just a day back it was $10,000 and it created a new record quickly. The cryptocurrency got its own federally regulated exchange in the month of July.
Nasdaq is planning to come up with future contracts for Bitcoin in the first half of the year 2018 which would help investors to predict and trade money on the future price of the currency, as per The Wall Street Journal. It is quite interesting to note that some of the most popular future exchanges like CME self-certified future contracts for Bitcoin making it easy for the investors to trade.
Popular broker Cantor Fitzgerald will also be launching the Bitcoin derivatives on its own exchange that would make Bitcoin a more mainstream financial instrument. It needs to be understood that Bitcoin has been enjoying a lot of opposition as well admiration in the past few months. Some of the leaders in the finance space feel that it is still too early to judge and it could be yet another price bubble that would burst anytime sooner.
However, on the other hand, several countries across the world are taking cryptocurrency serious and are coming up with a regulation process that brings cryptocurrency under control.
Mohith Agadi
Editor
