All Insights|Future Nexus
fintechMay 9, 2018

NY Stock Exchange Owner Developing Crypto Trading Platform

The New York Times reports that the parent company of the New York Stock Exchange, Intercontinental Exchange or ICE, has been working on a crypto trading platform for large investors; this news follows that of Goldman Sachs planning to start a crypto trading desk; the idea is still being worked out and has the potential to fall apart as not many institutions have bought into the crypto trend; the conversations for the platform have also been focused around swaps, which are regulated by the CFTC. Source.