Intercontinental Exchange — the parent company of the New York Stock Exchange — will offer futures contracts paid out in bitcoin starting September 23.
The New York Financial Services Department approved a charter on Friday for ICE’s Bakkt business to hold investors’ digital tokens. Bakkt will offer same-day and one-month futures that pay in bitcoin instead of US dollars.
The announcement pushes the world’s largest cryptocurrency further into Wall Street investing.
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International Exchange — owner of the New York Stock Exchange — will offer futures contracts paid out in bitcoin starting September 23.
ICE announced Friday it won the charter from the New York State Financial Services Department to hold investors’ digital coins. The company’s Bakkt business will offer the contracts and hold the cryptocurrency. The futures contracts were already certified by the US Commodity Futures Trading Commission.
The announcement further pushes the largest cryptocurrency into the world of institutional investing, as…