The latest technology and digital news on the web

Powered by

New York Stock Barter teases plan to launch cryptocurrency trading

Wall Street’s absorption in amalgam cryptocurrencies with their business seems to be on the rise.

Intercontinental Barter (ICE) – the parent aggregation of the world’s better stock barter desk, the New York Stock Barter (NYSE) – is alive on a Bitcoin barter for large investors, The New York Times reports.

ICE is also reportedly planning to set up swap contracts with other banking institutions, which will allow barter to own Bitcoin after an actual trade with the abetment and aegis of the exchange.

The move follows an beforehand absorption in cryptocurrency trading by Nasdaq and Goldman Sachs.

Back In April, Nasdaq’s CEO Adena Friedman stated that the stock barter is open to the idea of acceptable a cryptocurrency barter in the future, but only if the space matures and becomes better regulated.

Last week, Goldman Sachs also made public its ambition to begin using its own money to trade with audience in a array of affairs linked to the price of Bitcoin, such as futures contract.

It is worth noting that both Nasdaq and Goldman Sachs are yet to follow up on their cryptocurrency trading ambitions – beyond simply absorbing the option, that is.

With this in mind, it will be absorbing to see how the plans of the ICE play out.

Still, NYT suggests that ICE’s foray into cryptocurrency is far from a done deal — the activity could still fall apart if hesitations over regulations arise.

The acceptability of NYSE could lend some believability to Bitcoin trading and allure acceptable stock traders, who tend to shy away from able markets and services.

Published May 8, 2018 — 11:09 UTC

Hottest related news