The owner of the New York Stock Exchange (NYSE) is mulling letting customers buy and hold bitcoin, The New York Times late Monday, May 7. The move would be the second giant in a week to reportedly open up to crypto.
As the New York Times reports, citing “emails and documents” as well as four anonymous sources, NYSE owner Intercontinental Exchange (ICE) is planning to offer traders contracts that eventually result in customers owning the cryptocurrency.
The news comes just days after the publication quoted a executive, who the bank would also debut futures “within weeks”.
ICE “has had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning bitcoin the next day — with the backing and security of the exchange,” the Times wrote late Monday.
Should the move go ahead, ICE and Goldman would join an increasingly large chunk of traditional finance engaging with cryptocurrency. Other recent players now include , which it would be “open” to establishing a cryptocurrency trading platform in future.
The positions further contrast sharply with contradicting industry perspectives currently hitting the headlines, such as comments from Berkshire Hathaway CEO , who this week bitcoin to “rat poison.”
meanwhile adopted a more curious halfway position, yesterday that although trading bitcoin was a “greater fool” activity, he would still “short it if there was an easy way to do it.”
Published at Tue, 08 May 2018 08:52:13 +0000
