Intercontinental Exchange Inc. (ICE) Is Reportedly Interested In Bitcoin (BTC) Trading

Intercontinental Exchange Inc., the company that owns the New York Stock Exchange is reportedly developing a cryptocurrency trading platform through which investors will trade Bitcoin (BTC).

Anonymous sources familiar with the dealings revealed that ICE has been interested in Bitcoin trading and that it is currently working on a platform through which it will allow investors to trade the cryptocurrency. The ICE has reportedly been holding talks with other financial companies about the projects. The sources revealing the information sought anonymity due to the confidential nature of the talks.

ICE has not revealed any information about the developments, meaning there is a chance that the project might ultimately be scrapped. This is interesting news because it means Wall Street is warming up to the cryptocurrency. Officials from Wall Street, the banking industry have for a long time been opposed to the cryptocurrency market and even described Bitcoin as a Ponzi scheme.

Wall Street firms have since then become more open-minded about the cryptocurrency market and its potential. Many of them now offer futures trading for Bitcoin rather than trading BTC directly. During a recent interview, Jeffrey Sprecher the Chief Executive Officer of the ICE did not rule out cryptocurrency contracts as one of the paths that the company will most likely pursue. In his statement, he said that cryptocurrency represents a trend that ICE cannot ignore.

LedgerX founder Paul Chou told the New York Times that there has recently been a lot of institutional interest in Bitcoin from the Industry. He also pointed out that most of the people that are skeptic about cryptocurrency usually turn out to be some of the most vocal supporters. It was thus only a matter of time before the market started embracing the massive opportunities that Bitcoin and the rest of the cryptocurrency market have to offer.

ICE is also not the only major Wall Street Company that has expressed interest in the digital currency market. Goldman Sachs, which is one of the major global financial services companies, recently revealed that it plans to launch a Bitcoin trading desk. Unfortunately, it did not go into the details of how it plans to execute those plans although the announcement leaves no doubt since it was an official announcement by Goldman Sachs. The ICE is yet to make an official announcement revealing its plans for the rumored Bitcoin trading platform.