Nasdaq to Offer Bitcoin Spot Options

By The Neath | The Darkside Of Crypto | 28 Aug 2024

Nasdaq applied to the SEC to offer Nasdaq Bitcoin Index Options, boosting the crypto industry.

This endeavor was reportedly done with CF Benchmarks, developer of CME CF Bitcoin Real-Time Index (BRTI). This is planned to be a crypto exchange transaction and spot option to complement Bitcoin futures CME options.

Sui Chung, CEO of CF Benchmark, said these regulated derivatives will boost investor trust and market development.

CME's well-performing BTC futures and options contracts will be enhanced by spot options settling to BRRNY. These regulated crypto derivatives will provide investors the confidence to use more complex strategies to obtain exposure to the biggest digital asset and supplement the popular spot ETFs.

Many Spot Bitcoin ETF option applications have been submitted, according to multiple sources. Four applications were recently withdrawn by Cboe, NYSE, Nasdaq, and BOX.

Resources

https://www.crypto-news-flash.com/nasdaq-to-launch-spot-bitcoin-options-a-game-changer-for-crypto-investments/

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The Neath

Since I have been interested in crypto since 2020.I give back to the internet what I learned from the internet

The Darkside Of Crypto

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