Warren Buffet may still dislike Bitcoin (available on Coinbase) (BTC), but many other big names on Wall Street seem to be warming up to the digital currency. The Intercontinental Exchange (ICE), the parent company to the New York Stock Exchange (NYSE), has been working on an online trading platform that gives institutional investors access to buy and hold BTC.
The New York Times reported late Monday that the plans are still ‘confidential’ and the four individuals that briefed the publication on the matter asked to remain anonymous. This news broke following Goldman Sachs’ grand announcement to be the first Wall Street bank to open up its own Bitcoin (available on Coinbase) trading unit.
May 3: Goldman Sachs says it will operate a Bitcoin (available on Coinbase) futures market.
May 8: According to NYTimes, New York Stock Exchange, the world’s biggest stock market, is preparing a *proper Bitcoin (available on Coinbase) exchange* not futures.
2018 is looking more interesting!https://t.co/yd0WsTEjy2
— Joseph Young (@iamjosephyoung) May 8, 2018
ICE and Goldman Sachs aren’t the only big Wall Street hitters to enter into the crypto space recently.
NASdaq partnered with the large cryptocurrency exchange Gemini just a few weeks ago, to get its foot in the Bitcoin (available on Coinbase) futures game. Even the long-time anti-Bitcoin (available on Coinbase) bank JPMorgan has turned a new leaf. Back in October of last year, the institution filed for a patent to use blockchain technology in its network payments. These moves mark a dramatic shift toward mainstream adoption for the digital currency.