Published On: Mon, Apr 9th, 2018

ICE Chief: ‘We Can’t Ignore’ Bitcoin Trading

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As institutional investors prepare to officially enter the cryptocurrency market, the New York Stock Exchange may soon list Bitcoin futures contracts.
‘There Is a Trend Here We Can’t Ignore’
Earlier this week, the New York Stock Exchange’s parent company, Intercontinental Exchange Inc., agreed to acquire the 136-year-old Chicago Stock Exchange. Now, the financial institution may have its eyes set on Bitcoin.
As reported by Bloomberg, Intercontinental Exchange Inc. has indicated that Bitcoin and cryptocurrency futures contracts are most certainly not out of the question. ICE’s chief executive officer, Jeffrey Sprecher, told Bloomberg TV:
There is a trend here we can’t ignore in my mind, so I don’t discount it. People put more faith in a guy named Satoshi Nakamoto that no one has ever met than they do in the U.S. Fed.
People are more comfortable in technology than the institutions of government and society that I grew up with.
ICE’s interest in digital currency isn’t particularly new. In 2015, NYSE bought a stake in leading San Francisco-based cryptocurrency exchange Coinbase. This most recent news, however, comes after CME Group Inc. and …

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