The parent company of the New York Stock Exchange is developing a Bitcoin exchange

According to the news of The New York Times, Intercontinental Exchange, the parent company of the world’s largest stock exchange, New York Stock Exchange, is developing an online platform to buy cryptocurrencies.

Georgia-based Intercontinental Exchange, or ICE, entered the cryptocurrency market for the first time through a live-streamed cryptocurrency data feed last March.

The cryptocurrency platform that ICE is preparing will allow large investors to buy and hold Bitcoin.

ICE’s rivals, CBOE and CME Group, entered the crypto market with Bitcoin futures contracts. ICE, on the other hand, focused on adding transparency to the market through data and its data-driven product.. Nasdaq, which formed a partnership with cryptocurrency exchange Gemini in April, also plans to launch a futures market for crypto.. Nasdaq’s CEO, Adena Friedman, said that her company could one day create a cryptocurrency exchange.

It’s a principle as the first exchange operator in the US to undertake such a business if ICE, the parent company of the New York stock exchange, goes as planned.

Without a doubt, if the initiative is successful, it will bring more legitimacy to the cryptocurrency world and provide greater cash flow.

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