Nasdaq still on track to launch Bitcoin contracts on Q1 2019

Nasdaq still on track to launch Bitcoin contracts on Q1 2019

Nasdaq is keeping its plans to introduce Bitcoin future contracts during the first quarter of the next year according to a report published by Bloomberg citing two people familiar with the matter.

Nasdaq initially reported its interest to offer Bitcoin future products in November 2017, when the Bitcoin epic rally was undergoing. However, the Commodity Futures Trading Commission and the SEC have strengthened regulation, and the exchange is now focused on satisfying the concerns of regulators.

Previously, the CME Group and Cboe Global Market started offering Bitcoin futures last December as they used an expedited self-certification process. However, after the listing, the CFTC announced an enhanced review process for virtual currency derivatives.

Bitstamp to integrate new platform focused on market monitoring

On the other side of the ocean, European cryptocurrency exchange Bitstamp announced in a press release they will integrate a new platform to improve customer protection and regulatory compliance.

According to the press release, “Irisium’s state of the art holistic monitoring technology will complement Bitstamp’s commitment to providing a safe and reliable marketplace.” The new platform will integrate KYC/AML procedures, advanced security software and protocols.

Bitstamp CEO and co-founder Nejc Kodrič affirmed that the company is focused on providing a fair and orderly market which reflects accurate supply and demand.

“In order for the industry to mature, effective market monitoring is crucial. We are cooperating closely with Irisium and will leverage their significant experience to provide a more robust and transparent trading venue for our customers.”

The target of the platform is to attract more institutional investors with confidence in the cryptocurrency market, and at the same time, to increase market activity monitoring.

A self-regulatory agency to save the Blockchain industry

Previously, Bitstamp joined forces with crypto exchanges Gemini, Bittrex and bitFlyer to create a self-regulatory organisation called Virtual Commodity Association Working Group to make help big investors to get more comfortable with the crypto market.

In the press release published on August 20, John Roth, Chief Compliance and Ethics Officer at Bittrex, said that “the blockchain industry must focus on protecting its customers and operating in a responsible manner to significantly increase adoption globally.”

The association believes “in the value of self-regulation, which we pursued in Europe almost from our inception, and look forward to following a similar path in the U.S. Those that can’t or won’t comply with regulations put consumers – and their own operations – at risk.”

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Binance,Binance USA,Launch,USA

Binance USA Opens It Doors To Traders

After months of build-up and uncertainty, Binance USA has officially opened its doors and is ready for users to sign up and enjoy their service. The news of its launch comes not a second too soon for traders, after the international platform closed its doors to US traders last week, following an update to its […]

19 September, 2019
Exmo,EXMO Coin,IEO,Updates

Exmo Announce IEO And Request Beta Testing Volunteers

After a fairly quiet period from Exmo, it is now clear to see why as today, they have announced details of a new IEO and a request for volunteers for stop order beta testing on September 26, 2019. The Summer months were busy for the Exmo team. July saw the announcement of a new partnership […]

18 September, 2019
Commission,Exmo,Payment Solution,Updates

Exmo Announce Commission Changes for AdvCash

Every now and then, we hear news from exchange platform Exmo about updates to their payment provider charges. This time they have made some updates to the commission on deposit and withdrawals for the payment service AdvCash. The largest exchange platform in Eastern Europe announced the news via a blog uploaded earlier today, so if […]

17 September, 2019
Exchange Platforms,KuCoin,Law,Listings

KuCoin Delist 5 Projects from their Exchange

As part of their Special Treatment Rule, KuCoin will be delisting a selection of crypto projects from their platform. The Special Treatment (ST) process sees certain coins remove from the platform due to being deemed to have negative or risky qualities associated with them. These qualities can range from the project not providing appropriate information […]

17 September, 2019
Appointment,BitPanda,Exchange Platforms,Updates

BitPanda Welcome New Chief Financial Officer

BitPanda has had an internal shake around and appointed Peter Grausgruber as their new chief financial offer. The news of the appointment was made earlier on their website, where the new man himself explained, “The focus of my career is to help companies grow”. Something he states will be at the head of his priorities […]

16 September, 2019
Binance,Binance Launchpad,Giveaway,Token Sale

Band Lottery Promo Available Now on Binance

Binance has announced a new lottery to users where they can win a $300 worth of tokens each! As we announced last week, the 9th Launchpad project from Binance of the year was confirmed by the exchange platform to be the Band Protocol. This had raised $3 million in seed investments from 3 different lead […]

16 September, 2019
Derivative Trading,eToro,Exchange Platforms,Updates

eToro Unveil New Programming Language To Assist Derivative Trading

The derivative trading platform, eToro has released a new programming language known as Lira, which aims to help simplify the process of for those who trade derivatives. It has been stated that Lira should help reduce risks involved in settling contracts and the creation of new derivative products from assets that are built on the […]

16 September, 2019
CoolWallet,Promotion,Wallets

For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019