For the first time since 14, the trend of the crypto market has sharply changed direction, stimulating the growth of virtual currencies by 10-20% over the past day. The main the reason for such changes was the news of plans to launch Nasdaq regulated bitcoin futures..
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During the day bitcoin (BTC) rate has grown by more than 13%, confidently passed the $ 4000 mark and at the time of this writing is trading at $ 4225. This, according to analysts, can prevent panic and further collapse of the cryptocurrency market, allowing the market respond rationally to upcoming major changes. In addition, there is an increase in the scale of observation, which confirms increased interest on the part of investors.
Many altcoins show even better dynamics, and even earlier rapidly falling BCH and BSV have shown moderate growth of 8.9% and 2.3%, respectively. Ripple (XRP) added 11.6% and is trading at $ 0.39, continuing to hold the second cryptocurrency rating. During the same period, Ethereum (ETH) surpassed Ripple in growth rate, jumping 13.6% to $ 120, but to get through this period of total capitalization is now $ 3.3…
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Although the current growth covers only the losses of the last four days. One of the main drivers of growth was the announcement of cooperation by the world’s largest stock exchange Nasdaq with investment company VanEck, which are planning to launch a regulated Bitcoin futures contract in early 2019 «Crypto 2.0». This will be just the first of a host of future cryptocurrency-related products, according to partners…
Nasdaq will use a special Software for automatic search and suppression of suspicious transactions, security of operations. Partners details have not yet been disclosed, so it is not yet known whether futures will be secured «physical» asset or cash equivalent.
The largest exchange network, the Intercontinental Exchange, has also scheduled the launch of its digital Bakkt platforms for the first quarter of next year, and at about the same time the SEC will announce the final decision regarding the crypto ETF. According to one of VanEck’s executives, 2018 passed under the auspices of regulation, and 2019 will be the year of implementation.
text: Ivan Malichenko, photo: pvsm, st24invest
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