The second-largest stock exchange market NASDAQ is about to experiment with some changes that will probably increase the financial products in the market, and also bring new standards for custody and surveillance in the crypto market.
Most recently, the investment management firm VanEck has partnered with NASDAQ in order to launch crypto 2.0 future-type contracts. The announced was officially unveiled during the last CoinDesk’s Consensus on New York when Gabor Gurbacs –VanEck’s director of digital strategy – announced the partnership in order to bring a new regulation of cryptocurrencies 2.0 futures-type contract.
In that exact same event, Gurbacs didn’t last long on mentioning the company will start early next year with one of its several financial products they are expecting to launch.
Bitcoin Future Contract
Among those products that will be launch in early 2019, VanEck has unveiled the Bitcoin futures contract 2.0. This contract will be traded on the NASDAQ, and then the responsibility of compiling the spot price of bitcoin will be VanEck. Previously future contracts were traded on CBOE (Chicago Board Options Exchange) and CME (Chicago Mercantile Exchange).
Leveraging SMARTS
SMARTS is a software that hosts thousands of detection algorithms. Each market activity that is suspicious will be picked up by one of the SMARTS’ algorithms. It’s some kind of authoritative acting figure as Gurbacs said: ‘‘big policeman engine’’ which is going to help on regulating, fair and legal Bitcoin trading.
