The North American Derivatives Exchange (Nadex), a regulated online binary options exchange, announced it plans to launch bitcoin binary options contracts in early December, subject to filing with the Commodity Futures Trading Commission.
Wall Street’s interest in bitcoin is growing quickly, aided by a raft of new tools and instruments designed to make trading of the digital currency easier and more familiar to investment professionals.
Bitcoin or similar technologies can be used as platforms for financial innovation in the digital transfer of currency, securities, contracts and sensitive information. Such innovation could play a fascinating role in the derivatives markets as well as financial services more broadly.
The Bitcoin Foundation will certainly have to work further to change its perception by market participants. It will have to do so in order to effectively forward the interests of the bitcoin community.