Nasdaq is set to launch bitcoin futures
|11/29/2017||Posted by BusinessMediaguide.Com under General World News||
- Nasdaq, the exchange operator based in New York, is preparing to launch a bitcoin futures contracts.
- Bitcoin, the red-hot cryptocurrency, soared over $11,000 on Wednesday.
- Bitcoin futures would allow investors to bet on the future price of bitcoin.
Nasdaq is hopping on the bitcoin bandwagon.
The exchange operator is set to launch a bitcoin futures product next year, a person familiar with the matter told Business Insider.
Two Chicago-based exchanges, CME and Cboe, have announced their own bitcoin futures products. Such products would likely dampen bitcoin’s spine-tingling volatility and help the coin further push into the mainstream.
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