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>... New York Stock Exchange owner Intercontinental Exchange Inc. is the only one of the four major U.S. exchange operators without public plans to offer bitcoi
by colemannugent 9y ago
>... New York Stock Exchange owner Intercontinental Exchange Inc. is the only one of the four major U.S. exchange operators without public plans to offer bitcoin derivatives.
That's pretty big. A couple years ago people were very skeptical that the big players would ever start dabbling in Bitcoin.
- wpietri 9y agoIn some sense, they're still not. Derivatives don't require much involvement in the underlying commodity. For example, consider weather derivatives: https://en.wikipedia.org/wiki/Weather_derivative https://en.wikipedia.org/wiki/Weather_derivative E.g., the CME's weather futures and options: http://www.cmegroup.com/trading/weather/ http://www.cmegroup.com/trading/weather/ It's not like the Merc is really involved in weather. They just let people gamble on the weather.
- lallysingh 9y agoNYSE also backs coinbase.
- anonymous5133 9y agoThat is huge. Five years ago the financial establishment was basically saying it was an investment fraud scheme.