Warren Buffet may still dislike [1]Bitcoin (BTC), but many other big names on Wall Street seem to be warming up to the digital currency. The Intercontinental Exchange (ICE), the parent company to the New York Stock Exchange (NYSE), has been working on an online trading platform that gives institutional investors access to buy and hold BTC.
The New York Times reported[2] late Monday that the plans are still ‘confidential’ and the four individuals that briefed the publication on the matter asked to remain anonymous. This news broke following Goldman Sachs’ grand announcement[3] to be the first Wall Street bank to open up its own Bitcoin trading unit.
May 3: Goldman Sachs says it will operate a bitcoin futures market.
May 8: According to NYTimes, New York Stock Exchange, the world’s biggest stock market, is preparing a *proper bitcoin exchange* not futures.
2018 is looking more interesting!https://t.co/yd0WsTEjy2[4]
— Joseph Young (@iamjosephyoung) May 8, 2018[5]
ICE and Goldman Sachs aren’t the only big Wall Street hitters to enter into the crypto space recently.
Nasdaq partnered with the large cryptocurrency exchange Gemini just a few weeks ago, to get its foot in the Bitcoin futures game. Even the long-time anti-Bitcoin bank JPMorgan has turned a new leaf. Back in October of last year, the institution filed for a patent[6] to use blockchain technology in its network payments. These moves mark a dramatic shift toward mainstream adoption for the digital currency.
>> Goldman Sachs Bitcoin Futures[7]
Swap Contracts
The NYSE-parent recently held various conversations with large US financial institutions about potential ‘swap’ contracts. In a swap, banks would buy a contract
