Bitcoin options are coming to Nadaq. Here’s what it means for you.
The post Bitcoin options are coming to Nadaq. Here’s what it means for you. appeared on BitcoinEthereumNews.com. Nasdaq has moved closer to offering cash-settled bitcoin BTC$77,361.99 index options, a move set to democratize crypto risk management and eliminate legacy operational barriers. Last week, the U.S. Securities and Exchange Commission granted Nasdaq PHLX conditional approval to list European-style options under the ticker QBTC. These will be cash-settled, European-style options tracking the CME CF Bitcoin Real Time Index (BRTT). Cash-settled means the options are settled in U.S. dollars. At expiration, the exchange credits or debits the cash difference between the strike price and the final index value and no actual bitcoin is delivered or received. For the average market participant, the new product, still pending approval from the Commodity Futures Trading Commission (CFTC), removes operational friction. QBTC options will trade on the same Nasdaq platform as popular technolo