NYSE owner wants to let customers buy and hold Bitcoin

The owner of the New York Stock Exchange (NYSE) is thinking about letting customers buy and hold Bitcoin. The move would be the second Wall Street giant in a week to open up to crypto.

As the New York Times reports on May 7, NYSE owner Intercontinental Exchange (ICE) is planning to offer traders contracts that eventually result in customers owning the cryptocurrency.

This news comes a few days after a Goldman Sachs executive confirmed the bank would debut Bitcoin futures within weeks.

ICE had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning Bitcoin the next day — with the backing and security of the exchange.

ICE and Goldman Sachs would join a cryptocurrency sphere. NASDAQ also announced it would be open to establishing a cryptocurrency trading platform in future.

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