The relationship between Wall Street and BTC has never been positive, and at times, it has been very rugged. But all this is about to change as big Wall Street companies launch various btc initiatives, which may be a clear signal that digital currencies will become a stronger competitor in the finance world.
Earlier this week, the New York Times reported that the Intercontinental Exchange (IE) was "working on an online trading platform that would allow big investors to buy and retain btc." The move can be a positive btc, as it can really help push btc into the mainstream financial market.
The CEO of IE, Jeffrey Spritcher, spoke last month about the possibility of providing contracts for the digital currency.
"There is a trend here that we can not ignore taking into account, so I do not exclude it"
There are other financial companies now riding on a btc boat. Goldman Sachs, one of the world's largest financial firms, has also confirmed that it will open its own btc trading unit - a project he hopes will be launched very soon. While all these companies point to one direction, which makes Wall Street give btc trading a fair chance.
Paul Chu, founder of LedgerX, the renowned digital currency trading platform, said:
"The industry is witnessing unprecedented institutional attention for the first time in the history of btc ... I was surprised that the strongest believers in digital currencies usually seem to be the most skeptical. They have healthy doubts. But the perspective turns at some point in time, and for many institutions - I think we have finally arrived "
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