Photographer: Scott Eells/Bloomberg

Nasdaq CEO Says Exchange Is ‘Still Evaluating’ Bitcoin Futures

  • Cryptocurrencies ‘will have a role in the global economy’
  • U.S. rivals Cboe, CME introduced Bitcoin futures last year

Nasdaq Inc. is still considering whether it should introduce its own Bitcoin futures to compete with two big U.S. rivals, as mainstream exchanges look for ways to benefit from swelling interest in digital currencies.

Adena Friedman, chief executive officer of New York-based Nasdaq, said on Wednesday that the exchange operator is examining how they could create something different to what’s already on the market. Cboe Global Markets Inc. and CME Group Inc. introduced Bitcoin futures last year.

“We have been working with the industry and a great partner to look at whether or not it is the right thing for us to do,” Friedman said in an interview with Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland. “We are still evaluating that.”

Adena Friedman says Nasdaq is exploring possibility of opening a Bitcoin exchange.

(Source: Bloomberg)

Major exchange companies are beginning to look for ways to capitalize on mounting interest in cryptocurrencies, including Bitcoin. Cboe is exploring futures on other digital currencies after becoming the first U.S. exchange to introduce Bitcoin contracts in December. Bitcoin has the highest market capitalization among cryptocurrencies, followed by Ethereum and Ripple.

Last week Intercontinental Exchange Inc. announced its launch of a real-time cryptocurrency data feed, pulling in information from more than 15 digital currency exchanges worldwide.

“Our view is that digital currencies and cryptocurrencies will have a role in the global economy,” Friedman said.

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