exchange

NYSE Isn’t Planning a Bitcoin Futures Market, But a Proper Crypto Exchange

On May 3, CCN reported that Goldman Sachs is entering the bitcoin market by launching a futures market targeted at investors in the traditional finance sector and stock market. At the time, Goldman Sachs executive Rana Yared stated that despite the personal skepticisms of the bank’s executives, Goldman Sachs decided to operate a bitcoin trading desk to facilitate growing demand from its clients and investors.

On May 8, less than a week after the plans of Goldman Sachs to operate a bitcoin futures market were revealed to the public, NYTimes reported that several emails and documents reviewed by the NYTimes team showed the parent company of NYSE has been developing an online bitcoin trading platform.

“The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential,” the New York Times reported.


Bitcoin Cash gets a boost after being added to London Block Exchange

Bitcoin cash was up more than 7%, outpacing other major cryptocurrencies, Wednesday morning after London Block Exchange said it would support trading of the fourth-largest cryptocurrency.

“As we open our doors to UK crypto enthusiasts, we’re listening and acting on what the community wants – and that’s an array of good quality coin options to trade; all backed by a reliable, comprehensive and user-friendly service that they can trust,” Benjamin Dives, CEO of the exchange, said in a press release.

The exchange also said it would support Ethereum classic, currently the 15th largest cryptocurrency, which split from the flagship ethereum in July 2015. The cryptocurrency was up 0.8% Wednesday morning.


Tokyo Crypto Exchange BitFlyer Approved for Europe | Coinnewsline

Authorities across the world are either opening their doors to crypto or shutting them. Exchanges want to keep up with this fast-paced ecosystem and seek out favorable nations and markets. Japan is a known haven for crypto and Tokyo exchange BitFlyer has recently obtained approval to operate in Europe.