Nasdaq inc., the second-largest stock exchange in the world by market capitalization, is still pursuing its plans to list Bitcoin futures, Bloomberg reports today. The aim is to launch the product in the first quarter of 2019, people familiar with the matter have told Bloomberg.

The listing of Bitcoin futures at Nasdaq would coincide with the plans of the New York Stock Exchange (NYSE), which targets 24th January of 2019 as a date to launch their own Bitcoin futures product.

Nasdaq has decided to move ahead with plans to list Bitcoin futures despite the sharp drop in prices in the last couple of weeks. The price of Bitcoin has fallen from almost $20,000 to below $3,500, thus losing more than 80% of its value.

Adena Friedman, the CEO of the company, confirmed back in January that Nasdaq is looking into bitcoin futures.

“We are continuing to investigate the idea of a cryptocurrency futures (contract) with a partner and we continue to look at the risk management around that, making sure we are putting the right protocols in place, making sure there’s proper demand, and that the contract is different from what’s already out there,” Friedman told CNBC in January this year.

According to the latest report, Nasdaq representatives are working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission (CFTC), before launching the product live.

Similarly to CME’s model, the Nasdaq futures will be based off the Bitcoin’s price on numerous spot exchanges. CME, the US-based financial market company operating an options and futures exchange, uses prices of Bitcoin from four markets.

Both the CME and Cboe Global Markets introduced Bitcoin futures contract in December last year after completing the self-certification process. This move prompted CFTE to issue a statement, warning that they have limited statutory authority over “largely unregulated (Bitcoin) markets”.