It is expected that the way for the encryption industry, which has been criticized for speculative products, to officially enter the global financial market will open.
The New York Times reported on Thursday (local time) that the U.S. parent company of NYSE, the largest stock exchange, is developing a billinne trading platform. When development of corresponding platforms is finished, Bitcoin can be traded in the form of a swap transaction as a formal product of New York Stock Exchange. It is going to make transactions by linking Bitcoin's spot and Bitcoin's gift. Although some major exchanges such as the Chicago Board of Trade (CME) are exchanging gifts for virtual currency, this is the first time that a direct transaction is conducted in the mainstream financial market. Foreign media reported that the details of the trading platform have not been finalized and it will take some time for the project to function properly, given that Wall Street big institutions are reluctant to trade in the code currency.
Prior to this, Wall Street's largest investment bank Goldman Sachs also decided to jump into the deal. Although it does not deal directly with Bitcoin itself, it is planning to make gifts and option deals that are betting on price increase and reduction. Goldman Sachs said that Bitcoin does not have the nature of currency, but it does not buy money.