Nasdaq ‘Investigating’ Bitcoin Futures That are Different to Rivals

Written by:
Guest
Published on:
Jan/24/2018

Nasdaq CEO Adena Friedman talks about the future relationship the stock exchange operator intends on having with the cryptocurrency market.

On Tuesday it was revealed that Nasdaq was in hot pursuit of Bitcoin-linked products.

“We are looking to create a product geared to investors, not traders, as an investible asset,” Ms Friedman told the Financial Times, adding that what she is calling a “digital gold” model might be the most effective precedent to use when structuring retail-friendly products.

Nasdaq rivals Cboe Global Markets and CME Group began trading Bitcoin futures last month with some hiccups.

“There are a lot of opportunities to improve the market structure as it exists today,” Ms Friedman said. “Other instruments [in finance] have matured into a mode which is offered to retail investors. There is room for this to happen in cryptocurrency. We will only launch a product if we can make it much better.”

Speaking at the World Economic Forum, Friedman added: "We continue to look at the risk management, making sure the right protocols are in place."

Watch Below

- Aaron Goldstein, Gambling911.com

video News

Bitcoin Still a Buy Despite Recent Losses Says Blockchain Venture Capitalist

Bitcoin Still a Buy Despite Recent Losses Says Blockchain Venture Capitalist

Blockchain venture capitalist Spencer Bogart says bitcoin's increased number of use cases is proof that the coin is becoming more institutionalized.

Alexander Rossi Odds to Win the Indy 500 - 2018

Gambling911.com has Alexander Rossi odds to win this year's Indy 500 set at 7/1. He is the favorite to win.  This event takes place Memorial Day May 17, 2018 with bets needing to be placed before Noon EST.  Race time is 12:19 pm EST.

Fears Over NBA2K Viewership, Latest Odds May 25

Fears Over NBA2K Viewership, Latest Odds May 25

Let's face it, folks are loving this year's NBA Playoffs and NHL Playoffs more than ever before.  Bringing the eSports variant into play at this moment could make sense, but some are questioning the logic.  Viewership numbers may be proving the skeptics correct.

Chris Ferguson Apologizes for 'Black Friday' Involvement But Only Makes Matters Worse

Since re-emerging full time on the poker circuit last year (and winning big), Chris Ferguson has said nothing of his involvement in a ponzi scheme tied to Full Tilt Poker.  Now he's finally come out and apologized....sort of.

ESPN: Why Kirk Cousins is Primed for a Career Season with Vikings - Latest 2018 Odds

Kirk Cousins may very well be the richest quarterback in the NFL right now. He's guaranteed $84 million with the Minnesota Vikings.

Syndicate