Wall Street Journal: Nasdaq to Offer Bitcoin Futures in June 2018

Nasdaq joining the Bitcoin futures market? Yes, according to the WSJ.

The Nasdaq exchange may begin to offer Bitcoin futures as early as June 2018, according to a report issued by the Wall Street Journal. The report indicates that the stock exchange will follow suit behind the two Chicago-based markets that have already indicated the specifics of their Bitcoin futures plans.

While regulatory approval is still pending, the reality that Bitcoin futures are an in-demand option has driven a number of exchanges to at least consider the possibility. According to John D’Agostino, a former Nymex executive and current exchange board member:

“Every research department of every regulated exchange is saying, ‘Can we do this?’ “The majority of costs associated with that are marketing. If people want to trade this thing, why wouldn’t you? This is a gift from the heavens.”

According to the report, the exchange would add the Bitcoin contract onto its existing Nasdaq Futures platform (NFX). The platform was launched in 2015 and has mainly focused on energy trading, but would now be potentially repurposed to include cryptocurrency contracts.

While CME Group has a much larger futures market than Nasdaq, the latter has greater name recognition among retail investors. Nasdaq’s imprimatur might make a significant difference for ordinary investors who might be on the fence about whether to buy digital currency.

Source: Coin Telegraph




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HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported

 

Increasing Adoption Demonstrated by Huge Trading Weekend for Bitcoin, Soaring Prices Market-Wide

Cryptocurrency trading volumes reached nearly half of Nasdaq’s average on Sunday, showing increasing adoption.

In a sign that adoption is massively increasing, trading numbers from last weekend indicate that the volume of cryptocurrency trades exceeds that of many US equities trading markets. The volume of Bitcoin traded on this past Sunday alone was more than $5 bln – more than the IEX, the Chicago Stock Exchange, as well as many others.

Two weeks ago, a similar volume spike was caused by the sudden (and brief) reversal of fortunes between Bitcoin (BTC) and Bitcoin Cash (BCH), as the cancellation of the scaling proposal SegWit2X led to a massive pump of the latter. Prices for BCH rose to a stunning $2,500, and many speculated that the community had begun shifting loyalties.  As the BCH price pump continued, BTC lost 25% of its value, dropping to $5,500.

Yet the reversal was reversed again, as Bitcoin came roaring back and Bitcoin Cash slumped. The price of Bitcoin quickly returned to its previous level, then consolidated at an all-time high before pushing through $9,000 and threatening the carefully-watched $10,000 level this weekend.

Adoption growing

Devotees to either cryptocurrency will argue that the other is a ‘fraud,’ echoing the words of anti-crypto incumbents. However, a more emotionally removed view of the situation should be encouraging for all. Such huge volumes of trading show that demand for and participation in crypto markets is increasing.

Though the end of SegWit2X may have brought some BCH buyers out of the woodwork, it appears that many of the market movers are less convinced. Nevertheless, the substantial price bump has brought the altcoin into the spotlight, increasing adoption. For example, Ami Ben David Co-Founder of SPiCE VC said:

“We clearly see stronger support for Bitcoin as the original and decentralized coin, but at the same time, Bitcoin Cash has suddenly arrived in terms of adoption levels to the size of Ethereum, to the point where we have decided to add Bitcoin Cash as an investment option on our token sale and we expect other token issuers to follow suit.”

Rising tide

This week’s spike in the price of Bitcoin was met with equally impressive rallies in a number of altcoins, with Dash, Ethereum and Litecoin soaring to all-time highs as well. This is highly unusual, as Bitcoin’s bull runs usually suck money out of altcoins and causes a slump in their prices. The concurrent growth of Bitcoin and altcoins is a good sign: it indicates that outside money is flowing into digital currency.

Source: Coin Telegraph




My current recommendations:

HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported