The upcoming 2019 could be decisive for the market of cryptocurrencies and bitcoin in particular. In addition, the bearish trend 2018 may be replaced at the next rally. Powerful driver, says Bloomberg, namely the launch of a new exchange-traded product associated with cryptocurrencies, the largest stock exchange in the world.
American stock exchange Nasdaq is preparing to launch bitcoin futures in the first quarter of 2019, according to Bloomberg, citing its own sources. The company believes that the new product will be in demand among investors despite the decline in the value of cryptocurrencies throughout 2018 and especially in the fourth quarter.
Knowledgeable business sources told the publication that the site actively cooperates on this issue with the financial regulator — the Commission on trade commodity futures (CFTC). Nasdaq will use as a benchmark spot price of the asset from many exchanges, while existing contracts CME use data from four platforms, CBOE is with one.
After launching a bitcoin futures on the Chicago exchanges in December 2017 the cost of the first cryptocurrency reached $20,000, and by January 2018, the industry exceeded $830 billion. At the time of publication of the material bitcoin is trading around $3 700, and the market capitalization is $120,9 billion.