• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
New York Stock Exchange Owner to Launch Bitcoin Data Service
Nexo

NYSE Owner Admits ‘We May Be Stupid’ for Not Being First on Bitcoin Futures

Samuel Rae by Samuel Rae
4 years ago
in News, Bitcoin, Bitcoin Investment, Bitcoin Price, Markets and Prices, News teaser
0

Jeff Sprecher, CEO of Intercontinental Exchange Inc. and owner of the NYSE seems to be having second thoughts about letting his competitors launch Bitcoin futures trading first.


It is by now very well known that Bitcoin futures trading is set to launch on both CME and CBOE this month and the extreme volatility we’ve seen in the price of Bitcoin over the last 48 hours or so is likely representative of this fact.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Chicago-based CBOE is set to launch its futures offerings on Sunday and, as markets open in the US on Monday morning, we should start to get some idea of demand for the asset and – just as importantly – the spread of opinion as to where Bitcoin goes next (that’s what futures are designed to represent, after all). CME Group, also based in Chicago, will launch its identical (for all intents and purposes) offering a week later.

One Surprise Absentee…

CME and CBOE are two of the largest futures exchanges in the world but – in a surprise move to many – another top name on the list, NYSE, is delaying a move into the Bitcoin futures space. This delay is all the more surprising given that NYSE has previously been a first mover in this sector, having launched its bitcoin index, which settles based on daily Coinbase prices, in the early summer of last year.

And it now seems that the guys in charge over at the NYSE are already regretting their decision not to follow up on the index with a futures offering.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

“We May be Stupid”

At an investor conference sponsored by Goldman Sachs Group Inc. in New York this week, Jeff Sprecher, Chairman and CEO of Intercontinental Exchange and Chairman of the New York Stock Exchange, had this to say when asked about NYSE’s decision to hold back:

We may be stupid for not being first on that… I don’t have the answers, I wish I knew… I don’t know what to make of cryptocurrencies.

A couple of things are important here.

First, that these large-scale financial institutions are concerned about their lack of exposure to Bitcoin is as strong an indicator as any to just how much global perception of Bitcoin and cryptocurrency has shifted over the past twelve months.

The second is rooted in Sprecher’s admitting that he doesn’t know what to make of cryptocurrencies. This time last year, cryptocurrencies were being widely denounced as speculative (and almost certainly fraudulent) assets by those at the top tier of institutional finance.

For a guy like Sprecher to now come forward and admit that he has no idea what’s going to happen is a major validation of the suggestion that the balance of power is shifting away from the historic, institutionalized environment to a decentralized and much more equal platform.

Do you think NYSE has made a mistake? Are Bitcoin futures good or bad for the cryptocurrency space? Let us know in the comments below!


Images and media courtesy of Wikimedia Commons, Investing.com

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Samuel Rae

Samuel Rae

Related Posts

Bitcoin BTC BTCUSD

Rich Dad Author Recommends Bunkering Down With Food, Guns, And Bitcoin

9 hours ago
liquidations

Liquidations Settle As Bitcoin Regains Footing Above $30,000

10 hours ago
Balenciaga

Balenciaga To Accept Bitcoin And Ethereum Payments In The U.S.

11 hours ago
Bitcoin

Bitcoin Mining Farm – A Psychiatric Clinic – Uncovered In Moscow’s Oldest Prison

15 hours ago
Phishing

Phishing Criminals Steal $70,000 Using Beeple’s Hacked Twitter Account

18 hours ago
Bitcoin

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.