Even with Cboe powering forward and looking at offering futures on other tokens, they may be up for some serious competition sooner than we thought.
Bloomberg asked Jeffrey Sprecher, CEO of Intercontinental Exchange Inc, the owner of the New York Stock Exchange when cryptocurrency futures contracts will be offered on one of his exchanges he replied:
"There is a trend here we can't ignore in my mind, so I don't discount it, it's early days. There is something about technology today that many people are more comfortable with than the institutions of government and society that I grew up with. People put more faith in a guy named Satoshi Nakamoto that no one has ever met than they do in the U.S. Fed. It's an interesting trend that you cannot ignore."
Nasdaq Inc also says they are looking at whether listing futures on cryptocurrency is the right thing to do. It seems that while the rest of the world sleeps, cryptocurrency is sneaking up, on everyone. Not only is there constant innovation in the space that barely anyone is aware of, big financial institutions are paying WAY more attention to cryptocurrency than they originally let on.
- > NEXT STORY: Destiny 2's new expansion launches in May
- < PREVIOUS STORY: Dark Souls: Remastered becomes available to pre-order