Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc)Editor's Note: This article comes from

Babbitt Information (ID: bitcoin8btc)

Babbitt Information (ID: bitcoin8btc)

, compiled by: Apatheticco, released with permission.

Nasdaq CEO Adena Friedman said a few days ago that Nasdaq is trying to launch bitcoin futures products.

In an interview with Bloomberg News, Friedman said the company is currently researching and exploring the launch of bitcoin futures with an unnamed partner. Back in November 2017, The Wall Street Journal reported that Nasdaq was partnering with U.S. financial services firm Cantor Fitzgerald to develop the product, with the goal of launching it in the first half of 2018. Since then, a large number of bitcoin derivative products have entered the market, including futures products launched by Nasdaq competitors. In September 2019, ICE launched Bitcoin futures through its subsidiary Bakkt.

As for Nasdaq, Friedman said there are two considerations that could affect the launch of its bitcoin futures product.

First, the company wanted to make sure it could bring a differentiating product to market. Second, it wants to ensure that it has a proper risk management foundation in place for cryptocurrency-linked futures products.

Friedman said:

"So the first thing is, if you're going to create a product, you need to be confident that people are going to use it, and use it differently than other products that are currently on the market."

“Secondly, we have to self-certify the futures exchange for this. We may use our NFX license to do that, but we have to make sure that we are well prepared from a risk management standpoint. Those are two things that are still moving forward."

Friedman noted in the interview that Nasdaq currently trades two exchange-traded products on its Nordic market.