Nasdaq to launch bitcoin futures contract in 2018: source

Reuters News
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Posted: Nov 29, 2017 10:36 AM

NEW YORK (Reuters) - Nasdaq Inc <NDAQ.O> plans to launch a futures contract based on bitcoin in 2018, making it the third U.S.-based exchange operator to plan derivatives contracts off of the notoriously volatile digital currency, a source with knowledge of the matter said on Wednesday.

The price of bitcoin topped $11,000 on Wednesday just a day after passing the $10,000 mark and has increased more than 10-fold in value so far this year, prompting concerns of a bubble.

(Reporting by John McCrank)