Cryptocurrencies are now accepted worldwide and have emerged from the underground for a long time. New significant steps are being taken. Today, the New York Stock Exchange announced a new partnership. Utilizing CoinDesk indices for products, the exchange is further strengthening the ties between the traditional finance world and crypto.
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Intercontinental Exchange, one of the world’s leading technology and data providers, will now launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). This partnership with CoinDesk Indices follows the SEC’s approval of traditional investment products for Ethereum and Bitcoin. ICE and NYSE will work together with CoinDesk Indices and regulatory bodies to develop specific product offerings.
In other words, we now boldly see the U.S. version of the step taken by ICE Futures Singapore last year. New York Stock Exchange Chief Product Officer Jon Herrick said in a recently released announcement;
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More liquidity, more interest, and more investors will help further strengthen cryptocurrencies.
