MOSCOW (Sputnik) — According to The Wall Street Journal, Nasdaq’s contract on bitcoin, which has soared up to $11,000, would be traded on Nasdaq Futures (NFX), a marketplace, established in 2015 and until now dealing with the energy sector.
The introduction of bitcoin futures would reportedly be a step toward the maturity of the young cryptocurrency, since it would make the bitcoin trade easier both for major banks and private investors. However, financial institutions are avoiding dealing with bitcoin due to its notorious volatility and associations with illegal activity, the newspaper added.
Bitcoin is one of the most popular cryptocurrencies, which allows users to make secure payments for goods and services online. It was introduced in 2009 as an independent alternative to government-backed currencies.