Related – Bitcoin: How Cryptocurrencies Work
Nasdaq has also contemplated launching bitcoin futures, but has added that if it moves forward with that plan, its products will be different than what Cboe and CME currently offer.
Recently, the Bitcoin Dominance Index has been rising, confirming the dominant perch of the cryptocurrency. After bitcoin, the largest cryptocurrencies are Ethereum, Ripple, Bitcoin Cash and Litecoin.
“As the bitcoin mining process goes on and fewer coins become available (as a result of the scheduled halving of the network subsidy, now pegged at 12.5 BTC per block), the authors argue that the transactional function of bitcoin as a payment method could play a leading role in driving its value as ‘speculative dynamics disappear,’” notes CoinDesk.
For more information on the cryptocurrency market, visit our Bitcoin category.