After Goldman Sachs, NYSE secretly planning to launch their own Exchange
Wall Street seems to be warming up to the idea of Bitcoin trading. Last week, Goldman Sachs (one of the biggest banks in the world) announced that they will soon be opening their Bitcoin Future Trading platform. Nasdaq’s CEO also had made a comment that they are open to becoming a Crypto exchange.
Traditional Billionaire investors such as Tim Draper and George Soros of openly expressed their desire to start trading Bitcoins.
Now according to secret documents uncovered by New York Times, it is found that the parent company of New York Stock Exchange, Intercontinental Exchange, is secretly working on their own Bitcoin exchange. The story has been confirmed by NYT via four people who have remained anonymous due to this being a secret project.
The exchange which Intercontinental Exchange (ICE) is working on will allow traders to buy and store Bitcoins. It is also speculated to protect traders interests ICE would also introduce Bitcoin futures. But it won’t just be Bitcoin futures but will be a proper exchange according to the sources
The tide against Bitcoin seems to be shifting, as both traditional and institutional investors like the rest of Bitcoin investors have started looking at Bitcoin as an asset rather than currency. It seems like all the institutional investors and institutions are in a race to capture the Crypto markets and build infrastructure around it.
Although, Satoshi Nakamoto originally designed Bitcoin for normal transactions, due to high demand and speculative nature of cryptocurrency Bitcoin and other Cryptocurrencies have become more of an asset rather than currency.
The CEO of LedgerX who was an executive previously in Goldman Sachs said:
“The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history. I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.”
— Pui-Wing Tam (@puiwingtam) May 8, 2018
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