Categories: Cryptocurrency News

NYSE is now planning to Launch a Cryptocurrency Trading Platform

Worlds biggest Stock Exchange New York Stock Exchange (NYSE) is now planning to launch a cryptocurrency trading platform. As the demand of bitcoin and other cryptocurrencies booming, now NYSE is entering the market this decision will definitely create fuss among other cryptocurrency exchanges.

Goldman Sachs already declared that it is entering the bitcoin market by launching a futures market which mainly targets the investors of the stock market and traditional finance sectors. Goldman Sachs executive stated already hinted that growing demand from its clients and investors favors this move.

After a week later when Goldman Sachs publically declare its plan to operate a bitcoin futures market, NYTimes reported that the parent company of NYSE has been developing an online bitcoin trading platform and many emails and documents reviewed for this.

“The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential,” the New York Times

Even Nasdaq which is world’s second-largest stock exchange after NYSE a week ago showed interest in cryptocurrency exchange and revealed that a cryptocurrency exchange would be open to trade cryptocurrencies and also focused that this would happen on a regulated manner.

These fat companies like CME, CBOE, Goldman Sachs etc are trying to create the future market of bitcoin means right now they not selling and purchasing bitcoin directly but allow its clients to hold contracts that mimic the value of bitcoin

But NYSE is planning to launch proper cryptocurrency exchange like Coinbase and other where investor directly sells, purchase and hold its bitcoin without the involvement of futures, derivatives and other types of contracts.

This is a good sign for crypto enthusiast and investors that even worlds biggest stock exchange cannot deny the growth of bitcoin and other cryptocurrencies which saw an exponential growth in recent time.

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

2 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

4 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

5 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

7 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

7 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

8 months ago

This website uses cookies.