The CME Group will launch bitcoin futures one week later, while Nasdaq Inc plans to get into the mix next year. Goldman Sachs Group Inc will clear bitcoin futures for certain clients when they go live, a spokeswoman said on Thursday. The bank is “evaluating the specifications and risk attributes for the bitcoin futures contracts as part of our standard due diligence process,” spokeswoman Tiffany Galvin said. And while Cboe, CME and Nasdaq offer strictly policed trading environments, the underlying bitcoin market is riddled with exchanges lacking even basic oversight. Bitcoin slumped in 2014 when MtGox, then the world’s biggest bitcoin exchange, collapsed after saying it had been hacked and had 650,000 bitcoins stolen.

Source: Hindustan Times December 08, 2017 02:37 UTC