Nasdaq tests bitcoin asset trading.

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Nasdaq is negotiating with industry representatives and an unnamed partner regarding the advisability of creating such an instrument. Back in November 2017, the Wall Street Journal wrote that Nasdaq was developing a bitcoin-based futures product in conjunction with the US financial company Cantor Fitzgerald.

There are two factors that can influence the final Nasdaq decision, Friedman said. First, the exchange wants to provide the market with a product that will be different from existing ones. In addition, she seeks to make sure that she can cope with all the risks inherent in cryptocurrency trading.

“The first thing to understand when creating a new product is whether people will use it and will use it differently than they do now. Secondly, for this we must pass independent certification as a futures exchange. We would use our NFX license, but must make sure that we are fully prepared from the perspective of risk management. These are the two main issues that we continue to work on,” Friedman explained.

In response to a question from the interlocutor about whether Nasdaq can launch exchange products for other cryptocurrencies, Friedman noted that two exchange index bonds are currently being traded on Nasdaq Nordic, one of which is linked to Ethereum and the other to bitcoin. However, in determining the future direction, Nasdaq primarily focuses on “the role of digital currencies and cryptocurrencies in the global economy”.

“The question is whether they will ripen to the stage when they will really be used in the exchange of goods,” she added.

Meanwhile, Nasdaq has added a new cryptocurrency index. Nasdaq also launches an index supporting decentralized finance. The exchange will also create a cryptocurrency service for institutions.

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Countries that are Planning to Accept Bitcoin!

Several countries around the world have already accepted cryptocurrencies. They are drafting laws to permit crypto coins. Here is the list of crypto-friendly nations that are preparing to accept bitcoin and other cryptos as a legal medium of exchange by 2019, keep your XcelPay wallet handy while you travel to these countries and make your transactions with cryptos cheaper, easier and safer:

United States

Bitcoin is accepted extensively in the United States, but the administration is looking to generate laws for the digital coin to give it legal cover.

Canada

The use of Bitcoin has been growing in Canadian businesses and online shops. The government is working tirelessly to make it a legal currency by 2019.

Europe

Cryptocurrencies are suggestively prevalent in European countries. The EU has been taking collective initiatives to increase the use of bitcoin and other digital currencies.

Japan Japan is among those nations considered to be the first adopters of bitcoin. The administration of Japan, however, is planning to create more rules for bitcoin to increase its use in business transactions.

South Korea

The cryptocurrency marketplaces have been in receipt of a noteworthy amount of volume from South Korea, where the administration is planning to accept bitcoin in business procedures.

If you are planning a visit to any of these countries that accept bitcoin, download the XcelPay app in order to transact with crypto. The app is now available for both android and IOS devices.