Nasdaq moves towards bitcoin futures, unphased by crypto carnage

When you’re searching for volatility, market gore might mean you’re heading in the right direction.

“Will digital assets survive?” New York Stock Exchange chairman Jeffrey Sprecher quoted at the Consensus Invest conference last Thursday. “The unequivocal answer is yes… We’re kind of agnostic to price.”

He was followed up by Intercontinental Exchange (ICE)-backed Bakkt CEO Kelly Loeffler, who reiterated the trading giant’s plan to release bitcoin futures contracts for more reliable price discovery.

“The Bakkt futures contract will help Bitcoin traders establish a trusted price. Bitcoin now trades at different prices on different exchanges, many of which are unregulated,” she explained.

Nasdaq is now reported to be making decisive moves of its own, with a Bloomberg report citing two insiders who say it’s betting on sustained interest into the next year, regardless of current price movements.

They explained that the Nasdaq is currently working to satisfy the Commodity Futures Trading Commission’s (CFTC’s) concerns around regulatory elements of the plan.

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Source: Nasdaq moves towards bitcoin futures, unphased by crypto carnage | finder.com.au