Nadaq Halts Bitcoin Plans and Cayman Islands Exchange Launches ICO

Nasdaq Futures Exchange

Nasdaq notoriously announced a few months back that it would be jumping into the Bitcoin futures trading market by implementing it's own futures exchange for investors. Yet they have announced that plans to do so are being extended to provide more development time for the product. The want it to be developed to such a level where it's competitive with the Chicago Board Options Exchange and C.M.E futures exchanges.

This week at the World Economic Forum Nasdaq's C.E.O Adena Friedman expressed the companies intention on perfecting their futures exchange, and how they wan to create as unique of a service and trading experience as possible. But doing so may take some time to ensure that it is completed to the appropriate standards , as plans are estimated to materialize now by late June of this year.

They are intending to trade futures of more currencies too, such as Ripple (XRP) and Ethereum (ETH), and may in future extend this from just the main three cryptocurrencies. Nasdaq is certainly going to become a growing part of the institutional crypto ecosystem, and it's evident that they see the potential in using such features on their platform. Friedman states how she thinks that cryptocurrency and blockchain will be a large part of the future of technology and finance, and will be and essential part of the global economy.

Cayman Islands Company Launches ICO

Cayman Island based Coinspark is launching it's new decentralized exchange and digital marketplace this year. Coinspark's exchange will be launching with ten assets and multiple trading pairs, and will use a token on it's platform to reward users from the pool of revenue created by investors. The ICO for this token - the Sparkcoin - will see customers issued a currency enabling them to earn 25% of net profit from the network, with dividends equivalent to how much token they hold on the platform.

To make thinks even better for the future of this exchange they are going to be using Alphapoint fintech allowing for launch markets, digitize assets and reduce overall operational costs. This will create great efficiency and capacity for the exchange, while also provide the product they offer with a unique selling point's not many other exchanges can offer.