According to a report published in the New York Times, the world’s largest stock exchange – the New York Stock Exchange (NYSE) is planning to create a cryptocurrency trading platform. Even though there was news that NYSE is planning to let customers buy Bitcoin on the same exchange for fiat money, it appears that plans have changed over the past days.
On May 3rd, many portals reported that Goldman Sachs is entering the Bitcoin market by launching a futures exchange targeted to investors in the finance sector and the stock market. However, the company instead decided to operate a Bitcoin trading desk and facilitate the growing demand from its clients and investors.
According to the New York Times:
“The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential,”
A few weeks ago, the chief executive of Nasdaq which is the second largest stock exchange after NYSE, revealed that an exchange like this could be open to crypto trading in a regulated environment.
Meanwhile, Goldman Sachs, CBOE, CME and other major financial institutions seem ready for integrating Bitcoin or planning to serve the bitcoin market in the future – but are not directly dealing with the leading cryptocurrency. NYSE, on the other hand, is currently planning to develop a proper Bitcoin exchange on which investors can buy and sell the dominant cryptocurrency directly and without the involvement of futures, derivatives or other types of contracts.
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