NYSE Owner Is Developing An Online Bitcoin Trading Platform

NYSE Bitcoin online trading platform

Intercontinental Exchange (ICE), the New York Stock Exchange owner is developing an online bitcoin trading platform, according to an article from the New York Times published on May 7.

The trading platform is only for big investors who want to buy and hold bitcoins. This news comes in one week after Goldman Sachs expressed that Wall Street will follow their initiative of opening a Bitcoin trading firm.

The information comes from documents and four people that know what the project consists of but that is still confidential.

That would be a major step for Bitcoin, but also for other cryptocurrencies as they depend on the Bitcoin since it is the cryptocurrency the most used to buy other cryptocurrencies.

The access to bitcoin would be more direct with ICE’s project since bitcoins would go directly in the bank account after a trade.

ICE also mentioned the possibility of setting up bitcoin swap contracts that would fall under the regulation of the Commodity Futures Trading Commission.

However, certain investors are using a more skepticism tone when talking about bitcoin such as Bill Gates, which told CNBC he would “short” bitcoin if he could.

 

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