Owner of New York Stock Exchange Considers Letting Customers Buy and Sell Bitcoin

Owner-of-New-York-Stock-Exchange-Considers-Letting-Customers-Buy-and-sell-bitcoin

The owner of the New York Stock Exchange is considering letting his customers buy and sell Bitcoin as reported by the New York Times on May 7. This marks the second massive Wall Street giant to open up cryptocurrency to Wall Street’s doors.

The owner plans to offer trader contracts which will allow customers to own cryptocurrency. Intercontinental Exchange (ICE) spoke with other financial institutions regarding setting up the Bitcoin operation by allowing customers to purchase contracts known as a “swap”, which will allow customers to own Bitcoin the next day.

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Goldman Sachs executive just announced that the bank would debut Bitcoin futures, within their trading desk, as of a few days ago. This announcement would allow other players within the traditional financial institutions to be more open to establishing a cryptocurrency trading platform in the near future.

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