Post
Topic
Board Economics
Re: Bitcoin and Nasdaq and NYSE
by
kryptqnick
on 27/11/2018, 18:35:51 UTC
Nasdaq Inc. is moving ahead with a plan to list Bitcoin futures
The Nasdaq futures will be based off the Bitcoin’s price on numerous spot exchanges, as compiled by VanEck Associates Corp., the person said.
Yet another big name what want to list his own future will be NYSE
New York Stock Exchange owner Intercontinental Exchange Inc. said last week it will launch its own contracts on Jan. 24
Well, maybe people from stock exchanges will take the opportunity to buy low. It's also good that the price will be based at the market price. However, it will be so just at the beginning, right? I mean, the whole thing about futures is getting some guarantees on purchases and sales regardless to what happens to the market price by then. This is also some sort of alienation from the free market trading. Bitcoin can rise on stock exchanges but will that lead to some positive movement on top crypto exchanges? Otherwise people will eventually dump the free market and bitcoin will be traded like some asset on a regulated platform only...