The owner of the new York stock exchange (NYSE) company Intercontinental Exchange (ICE) is developing an online platform for buying cryptocurrency. This was announced may 7 by The New York Times, citing documents and insiders.
ICE first appeared on the market of digital currency, starting in March feed cryptocurrency data. It is noteworthy that in April the Bank Goldman Sachs also said that working on a cryptocurrency trading platform, reports The New York Times. Many traditional players of wall street are now doing cryptocurrency trading, among them the Chicago high-frequency traders DRW Trading and Jump.
According to the publication, the future of cryptocurrency platform ICE “will allow major investors to buy and store bitcoins”. The exchange operator also eyeing swaps — other financial instruments, which will be linked to bitcoin.
While the Global Markets exchange Cboe and CME Group entered the market of cryptocurrency using bitcoin futures, ICE has focused on the data and the transparency of the market, known for wild price fluctuations.
Nasdaq, which in April signed a partnership agreement with the stock exchange Gemini also plans to launch futures on the digital currency. In addition, the General Director adena Friedman, Nasdaq said that the company could launch its own cryptocurrency exchange.
However, if information about the plans ICE confirmed (yet the company’s representatives refrain from commenting) and they will be implemented, that Intercontinental Exchange will be the first registered trademark-equity exchange, which will launch such a platform in the United States.
The future of the enterprise can be a many advantages over existing cryptocurrency sites, which do not have a Mature market structure, unlike the commodity and stock exchanges.