Nasdaq Wants To Launch Bitcoin Index Options, Seeks SEC Approval !!
American stock exchange market Nasdaq has reportedly filed with the U.S. Securities and Exchange Commission (SEC), seeking permission to launch and trade options tied to the price of bitcoin.
The proposed Nasdaq Bitcoin Index Options (XBTX) is in partnership with index provider CF Benchmarks and would track the CME CF Bitcoin Real-Time Index operated on the Chicago Mercantile Exchange exchange.
Nasdaq stated that XBTX will help investors hedge investments in the asset class. If approved, these bitcoin options would become the first cryptocurrency derivatives cleared by the U.S. Options Clearing Corporation (OCC).
