Nasdaq and NYSE have reportedly shelved plans on Bitcoin ETF options, proving a massive dampener for all those investors looking for more accessible cryptocurrency trading.
This comes in as both the exchanges have called back their applications meant to list and trade options based on Bitcoin ETFs. In a move that we could say is surprisingly not what most people expected, a debate on whether options trading in this terrain has been stirred in the crypto community.
Regulatory Hurdles
The landscape of regulation has been pretty much constant in terms of a challenge for crypto innovation. It has taken the industry almost a decade of effort to get spot Bitcoin ETFs approved, and the road to options trading is still full of hurdles.
The US Securities and Exchange Commission has been very careful, and the recent withdrawals by Nasdaq and NYSE only underline the difficulties involved in the process. Industry players had earlier…
