New York Stock Exchange owners allegedly prepping Crypto exchange

Intercontinental Exchange, owners of the NYSE, is apparently working on plans to offer digital currency trading.

According to reports, Intercontinental Exchange (ICE) – which ultimately owns the New York Stock Exchange – has been busy behind the scenes working on its own  online cryptocurrency exchange. Citing ‘anonymous sources’, as well as claiming having seen a tranche of emails and documents relating to the confidential plans, the New York Times reckons the Georgia-based company will follow up its first foray into digital currencies – its provision of market data, that began in March – with a far more complete service in the not-too-distant future.

The news follows multiple reports involving large banks, and their own nascent plans to move in to the sector, and comments from tech-sector rival Nasdaq, that it was not averse to dealing in crypto at some point in the future.

Apparently ICE’s plans are not yet concrete, the report says, with the implication that the project depends a lot on the how the winds of opinion blow with regards to digital currencies among the big financial players the company deals with – and how the regulatory landscape shapes up over the coming months. However, he NYT posits that the plan would, unlike existing investment opportunities offered by some exchanges, deal directly in Bitcoin “by putting the actual tokens in the customer’s account at the end of the trade”.

ICE, for its part, had no comment on the matter.

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