New York Stock Exchange Parent Considering Bitcoin Trading – Report

FinTech, Innovation, Investing, News, Regulation | May 8, 2018 By:

The New York Stock Exchange’s parent company is working on a bitcoin exchange, according to a report in the New York Times.

The platform’s details are still being considered and the project could fall apart. It’s also unclear if the exchange will only be for bitcoin – an unlikely prospect – or will embrace other leading cryptocurrencies.

The plans are being considered by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. The company would not respond to the New York Times request for comment.

Plans are also considering swap contracts with other financial institutions, which would allow customers to own bitcoin without an immediate trade.

The move continues a recent spike in cryptocurrency chatter on Wall Street. Nasdaq previously expressed interest, and Goldman Sachs recently took steps to dip its toe into the water with futures.