The cryptocurrency market participants evaluate their expectations with care, but still are positive for 2019. The difficult question remains for what exactly to pay attention in this new year. Experts told Bitseven what events they are waiting for and what basis to build on in 2019.
NASDAQ Futures Launch
One of the largest stock exchanges intends to launch its own futures in the first quarter of 2019. They are planning to do so soon in collaboration with VanEck. In this regard, the project managers call the year 2019 – the year of implementation. The new product will be the “regulated futures contract type version 2.0”.
Bloomberg reported that the stock exchange had taken a lot of measures to alleviate the concerns of the Commodity Futures Trading Commission.
“All of this, especially against the background of a low rate of Bitcoin, will give it a push for capital flow-in for the cryptocurrency, and therefore to a new increase of the price rate. This, in turn, will make mining even more profitable,” said Alexander Petrakovsky, CEO of BITTECH.
Bakkt launch
The launch was to be expected already in 2018, but right at the end of the year the cryptocurrency platform Bakkt reported that they are postponing the release of the product for an indefinite period of time. Nevertheless, right at the end of the year, the company reported on raising in the first round of about $ 182.5 million.
Bakkt intends to create the first regulated exchange for institutional investors. The company cooperates with the United States Futures Trading Commission. The company intends to obtain all the necessary permits for a proper operation of the platform.
The Bakkt project is owned by the New York Stock Exchange Intercontinental Exchange. The delays are explained by the huge amount of work, including the work related to high demand. However, the mass media associated it with the lack of permits in fact.
Despite all of this, experts are eagerly looking forward for this event to happen and consider it potentially one of the main ones this year. The aforementioned Alexander Petrakovsky also awaits for the launch of Bakkt.
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