After Goldman Sachs announced that they will start trading Bitcoin (BTC), it was just a matter of time before another Wall Street Giant follows in its footsteps.
And surely enough – another giant did just that. The owner of New York Stock Exchange (NYSE) may soon allow customers buy and hold Bitcoin. The move would make the NYSE the second major Wall Street Company to go crypto.
The news come from New York Times’ documents and anonymous sources. NYT mentions that NYSE’s owner, the Intercontinental Exchange (ICE), is planning to offer contracts that will eventually lead to clients owning the cryptocurrency.
ICE and other financial institutions discussed “setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning Bitcoin the next day — with the backing and security of the exchange,” , Times reported.
If ICE goes ahead and joins Goldman Sachs on the other side, they will be a part of a steady growing group of pro-crypto, traditional finance companies. With NASDAQ mentioned the possibility of it becoming a crypto exchange, there seem to be some exciting names in the group.
It seems that the institutional investors are entering the crypto-sphere regardless of people like Warren Buffet, who compare cryptocurrency to a rat poison.
But then again – maybe he’s right? This would certainly explain why “rats” are so afraid of it.
What do you think about Bitcoin becoming available on NYSE? Let us know in the comments below!