Notable stock exchange Nasdaq has announced Recent filings with the US Securities and Exchange Commission will launch Bitcoin Options. Nasdaq bitcoin index options would let traders trade on the BTC price.
Nasdaq is now the second exchange in the world to announce that it wants such a technology. In May the New York Stock Exchange has announced that it plans to offer a Bitcoin Index Option. The move is a confirmation of Bitcoin’s growing prominence in the finance world.
Please Read This: Missed the Internet Boom? Don’t Miss Bitcoin’s Explosive Growth!
Nasdaq files to launch BTC options in a notable move
Bitcoin has been the year 2024. This token has become the United States’ first crypto-based ETF since January. The token’s prominence has grown since its inception. A second stock exchange is now trying to expose investors to cryptocurrency.
Nasdaq filed with the SEC a request to trade Bitcoin options. They stated in a press statement that the index will be offered by CF Benchmarks and track the CME CF Bitcoin Real-Time Index of the Chicago Mercantile Exchange.
Please Read This: Nasdaq Getting Ready to List Spot Bitcoin ETF
“This collaboration further combines the innovative crypto landscape with the resiliency and reliability of traditional securities markets,” Greg Ferrari is the Nasdaq vice president. He added that it was also. “would mark a significant milestone for expanding the maturation of the digital asset market.”
Option trading is a vital tool for traders. The tools allow the buyer to manage risk by giving him the ability to sell and buy an asset for a particular price at a given date. The report also highlights the continued growth of this asset class. BTC is a popular investment because of the participation by both Nasdaq & New York Stock Exchange.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru