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People trust Satoshi Nakamoto more than the US Fed

We could see cryptocurrency futures on the NYSE.

@CaseyLPyne
Published Thu, Apr 12 2018 7:30 AM CDT   |   Updated Mon, Oct 19 2020 8:18 PM CDT

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.

People trust Satoshi Nakamoto more than the US Fed | TweakTown.com

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.

NEWS SOURCE:bloomberg.com

Casey is the host of the podcast Crypto Talk and one of the founders of CryptoTalk.net.au. After helping people buy their first digital assets she decided she loved nothing more than speaking about and educating people on the Crypto sphere! She is a blockchain tech enthusiast, loves to game although she found it hard to move on from Quake II and believes that we are on the fringe of something very exciting so she is here to write about it!

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