The world’s second largest stock exchange Nasdaq has announced partnership with U.S. investment firm VanEck aiming at bringing a host of new regulated cryptocurrency financial products to market, including Bitcoin futures.
Nasdaq, the second largest stock exchange in the world after NYSE, is reportedly preparing to add tools to predict the price movements of crypto assets to its Analytics Hub. The new tool will provide institutional investors with the ability to trade hundreds of crypto assets, Coindesk reported on Tuesday citing an unnamed source.
An exchange traded note (ETN) that tracks Bitcoin and targets U.S. investors is now listed on the Nasdaq Stockholm exchange. As Bloomberg reported Wednesday, August 15, the product dubbed Bitcoin Tracker One is now being quoted in USD under the ticker CXBTF.
The road to shaking its history of shady transactions and fraud is proving long for cryptocurrencies, but Nasdaq Inc. thinks it can help get the industry on the path to legitimacy.