Nasdaq plans bitcoin futures contract

Nasdaq Inc plans to launch a bitcoin futures contract in 2018. An American multinational financial services corporation headquartered in New York will be the third exchange operator where CME Group and CBOE Holdings have planned derivative contracts related to virtual currency.

Nasdaq is rumored to be trading a cryptocurrency-based financial service. The bitcoin price reached US$11,000 on Wednesday or less than a day after passing the US$10,000 mark and has risen more than 10-fold so far this year.

Tinuku Nasdaq plans bitcoin futures contract

CME Group and CBOE Holdings have said it plans to launch a bitcoin futures product later this year. A source telling the Nasdaq will be different from CME and CBOE because it is based on an index that takes the price of more than 50 bitcoin exchanges.

CME says the future of bitcoin will be based on CF Bitcoin Reference Rate (BRR), while CBOE will price the future of bitcoin from Gemini Trust. Bitcoin runs on a blockchain system where all transactions are recorded in the ledger.

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