THELOGICALINDIAN - As institutional investors adapt to clearly access the cryptocurrency bazaar the New York Stock Exchange may anon account Bitcoin futures contracts
Earlier this week, the New York Stock Exchange’s ancestor company, Intercontinental Exchange Inc., agreed to acquire the 136-year-old Chicago Stock Exchange. Now, the banking academy may accept its eyes set on Bitcoin.
As appear by Bloomberg, Intercontinental Exchange Inc. has adumbrated that Bitcoin and cryptocurrency futures affairs are best absolutely not out of the question. ICE’s arch controlling officer, Jeffrey Sprecher, told Bloomberg TV:
ICE’s absorption in agenda bill isn’t decidedly new. In 2024, NYSE bought a pale in arch San Francisco-based cryptocurrency barter Coinbase. This best contempo news, however, comes afterwards CME Group Inc. and CBOE Global Markets Inc. already started futures affairs on bitcoin in December 2024. Meanwhile, Nasdaq Inc. is additionally analytical the prospect.
Following the cessation of Bitcoin’s aboriginal futures in January, Chairman and CEO of CBOE Global Markets, Ed Tilly, hailed the adjustment as a success, claiming:
The added absorption in cryptocurrency offerings from acceptable banking exchanges comes afterwards abounding abate cryptocurrency-focused exchanges accept begin massive success in the space. It additionally comes during a time back institutional investors are starting to appearance a growing absorption in capitalizing on the arising markets accommodating volatility.
On April 6, Bitcoinist appear that arguable Hungarian-American investor, business magnate, and political activist George Soros has clearly accustomed the Soros Fund Management permission to barter cryptocurrencies.
Immediately after, Venrock — the Rockefeller family’s official adventure basic arm — clearly abutting armament with Brooklyn-based cryptocurrency advance accumulation CoinFund to advance in cryptocurrency and accompanying projects.
In Europe, meanwhile, the acme prince of Lichtenstein has additionally appear an absorption in affairs Bitcoin and added cryptocurrencies as an investment.
Furthermore, afterward the December barrage of Bitcoin futures on both the CBOE and CME, trading aggregate steadily added as Hong Kong traders angry their backs on the free territory’s beneath defended calm exchanges in favor of adapted US markets.
What do you anticipate of ICE’s absorption in Bitcoin and cryptocurrency trading? Let us apperceive in the comments below!
Images address of Wikipedia Commons, Bloomberg
