Director of strategic market development for digital assets VanEck Gorbach gábor (Gabor Gurbacs) revealed new details of futures on bitcoin, which the investment company is developing jointly with Nasdaq. According to Gorbach, contracts Nasdaq and VanEck will increase the standards of products in their niche. He said this yesterday during a panel discussion at the conference Consensus: Invest in 2018.

He stressed that the two companies have worked closely with the Commission on trade commodity futures U.S. (CFTC) to “implement new standards for custodial storage and market surveillance”. For this, the company will integrate the monitoring system of Nasdaq, SMARTS, and benchmarks pricing MVIS is a subsidiary of the company VanEck. Gorbach sure that such supportive factors “will give more confidence to the Supervisory authorities, as well as companies that have just come on the market of cryptocurrencies”.

During an additional interview he also said that Nasdaq and VanEck I hope to be the first to open trades bitcoin futures: January 24, similar product launches Bakkt, owned by Intercontinental Exchange (ICE). Bakkt contracts provide for physical settlement, that is payment in bitcoin at expiration.

Perhaps later VanEck will introduce additional products; Gorbach hinted that in 2019 we can expect the appearance on the market is really welcome changes and suggestions:

“We believe that 2018 was the year of regulation, and 2019 will be the year of implementation”.

The first information that the Nasdaq futures will be on the market early next year appeared yesterday, however, neither the representatives nor the press service VanEck this information initially did not comment.