Nasdaq is reportedly looking to get in on the action of Wall Street’s frenzied rush to trade bitcoin.
According to the Wall Street Journal, Nasdaq, the world’s second largest stock exchange by market capitalization, is aiming to launch bitcoin futures contracts in the first half of 2018.
An excerpt from the report reads:
Nasdaq’s bitcoin contract would debut on Nasdaq Futures, or NFX, a marketplace that the New York-based exchange group launched in 2015 that until now has mainly focused on energy trading, according to the people familiar with the situation.
Nasdaq is seeking to position its product different to that of Chicago-based CME Group, the latter which is preparing to launch its bitcoin futures product in less than a fortnight.