NASDAQ will launch Bitcoin futures in 2019

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By recent reports, NASDAQ, in partnership with an investment firm VanEck, is about to launch their first Bitcoin futures contracts. An exact date hasn’t yet been set, but NASDAQ has announced that it’s going to be the first quarter of 2019. 

These are not the first active Bitcoin futures. The CFTC (Commodity Futures Trading Commision) which regulates Bitcoin as a commodity, has already approved two crypto futures products before: one is CBOE (Chicago Board Options Exchange) bitcoin futures and the second is CME (Chicago Mercantile Exchange) bitcoin futures. Interestingly enough, both are from Chicago. CBOE bitcoin futures launched exactly one year ago. So it is safe to say that New York will be the second Bitcoin futures city.

The quarter of Bitcoin Futures

2019 Q1 is going to be filled with new Bitcoin derivatives as NASDAQ is not the only exchange which plans to launch a bitcoin futures contract. The ICE (Intercontinental Exchange) is planning to launch a bitcoin futures contract as well during Q1 2019. Besides, Bakkt which is a cryptocurrency exchange built by ICE also plans to start their Bitcoin Futures market on January 24. Originally it was scheduled on December 12, but got delayed.

It looks like the first quarter will bring much good news to institutional investors.

VanEck takes charge

VanEck is planning to launch multiple bitcoin derivatives including the already mentioned “bitcoin futures 2.0”. These products are going to be “transparent, regulated and surveilled digital” assets according to Gabor Gubracs, the director of digital asset strategy of VanEck. The company also has applied to the SEC (Securities and Exchange Commission) for approval for a Bitcoin ETF. The SEC has already turned down multiple applications because the application didn’t adequately demonstrate how they are going to fight fraud and manipulation.

“We are the closest that we can be. It is very clear to me that America wants a bitcoin ETF and we are here to build it.” Gabor Gurbacs optimistically told Fox Business.

Market insight

Could these be the news the cryptocurrency cult is waiting for? Could we see a bullish Bitcoin at the end of January 2019? Those are just speculative questions, as the real outcome, we’ll see only when it happens. Today Bitcoin continues to drop another -4% along with other altcoins. Very few coins in the top 100 are performing green. Binance coin performed well today as of new DEX UX announcements but now has leveled out. During the first half of the day it quickly jumped +10% to $6,48, but now has leveled out to $6,02. Bitcoin Cash is probably the worst performer in the past days as it has lost more than -25%. 


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Bakkt sets launch date for Bitcoin future trading!

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12th December is the date when Bakkt Bitcoin Futures trading is set to launch.

Bakkt is an open-source global investing platform which wants to make the access, trading, and use of digital assets much more comfortable and faster for users. Their parent company ICE (Intercontinental Exchange) which is the owner of NYSE (New York Stock Exchange), just recently revealed that the Bakkt Bitcoin daily futures contracts would begin trading on December 12th. The official announcement, published on October 22, says: “The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt LLC, ICE’s Digital Asset Warehouse, and will be cleared by ICE Clear US, Inc.” Further explaining that “Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.”

These are generally good news for crypto investors, as a lot can change from this point on.

First of all, the SEC (Securities and Exchange Commission) might change their position on this market about Bitcoin ETF approvals, as they base their opinion on the fact that the BTC futures market is not sufficiently liquid. Bakkt might change that.

Secondly, the entrance of Bakkt might substantially increase the movement of the market in a good way, as a lot of Bakkt clients now would be able to invest in Bitcoin.

Thirdly, Bakkt is planning to provide all sort of solutions for crypto investors. The company’s CEO Kelly Loeffler said that Bakkt is looking into providing solutions for buying, selling, storing and spending digital assets – all in a decentralized ecosystem. Also, Jeffrey C. Sprecher, the Founder, Chairman and CEO of ICE said: “In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets.”

However, as expected from last years predictions, this is the year when the crypto market class is seeing a notable recognition. It is becoming more and more regulated, and large commissions and organizations are looking up to it. The only thing I’m not sure about is how a company of such scale and power can provide a decentralized platform for crypto operations.

Are all these regulations, ETFs and futures markets going to be good for the industry? Sometimes it feels like we are capable of everything to see a little bull-run. What are your thoughts?

Source: – The Official Announcement.

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Breaking news: ICE to launch physically settled Bitcoin Futures

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Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company Bakkt, whose mission is to make bitcoin a mainstream financial asset. 

Bakkt has been developed in partnership with a variety of big name companies like Microsoft, Starbucks and BCG. Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures-product, complete with physical warehousing managed in-house by ICE. This product will launch in November, pending regulatory approval.

“Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility. We are collaborating to build an open platform that helps unlock the transformative potential of digital assets across global markets and commerce”, said Kelly Loeffler, CEO of Bakkt.

“In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets,” said Jeffrey C. Sprecher, founder, chairman, and CEO of Intercontinental Exchange.

These are big news for Bitcoin believers, because we could be seeing a more mainstream version of BTC in the very near future. A BTC with which you can save up your retirement fund or even use for retail. This year couldn’t get more exciting!


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