NASDAQ Stabilizes Crypto Market with Strong Committment to Bitcoin (BTC) Futures

The bitcoin market has been going through a tough time in the past few weeks, but as of today, prices may be on their way to stabilizing. One of the main factors influencing bitcoin stabilization may be new futures contracts.

NASDAQ announced today that it is committed to launching BTC futures in the first quarter of next year. The announcement may have led to the 15 percent increase in value in bitcoin, which also occurred at the same time the chairman of the Federal Reserve reported that there will not be another rate hike in the coming months.

Craig McGregor of the DSTOQ, a decentralized stock exchange, stated, “Despite the obvious recent changeability of the market, the underlying value of crypto remains blockchain technology and its capacity to solve real-world problems. This fact is acknowledged in the commitment to bitcoin futures from major traditional players such as Nasdaq, Cboe, and CME.” He also discussed that the NASDAQ’s presence in the market is significant because it is the second-largest exchange in the world and it would not waste resource if it did not believe in BTC’s value.

As for the bitcoin futures, last year when CBOE and CME introduced such products last year, investors did not counter with sufficient leverage. However, this may be different this time. According to Frank Wagner, CEO of INVAO, a digital asset class portfolio management form,

“Traditional investors, both institutional and retail want trusted, guided routes into the crypto market and futures provides an approachable introduction, allowing them to bet on future prices without having to actually buy the asset. I foresee sustained interest building in this area in the months ahead.”

Thomas Schouten at Lisk added, “The news that Nasdaq is continuing with plans to launch bitcoin futures contracts early next year is a welcome sign of confidence in the crypto industry.” Further, with more traditional tech companies enter the space, investment opportunities in integrated ledger technology may increase as well.

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

5 × two =