The Intercontinental Exchange (ICE), the parent company of the largest stock exchange in the world, the New York Stock Exchange (NYSE), is reportedly working on a Bitcoin exchange for institutional investors following reports of Goldman Sachs setting up a bitcoin trading desk and Nasdaq considering following suit.
Earlier this month, Goldman Sachs set up what could be the first ever bitcoin trading unit at a Wall Street bank. Nasdaq CEO Adena Friedman hinted on the possibility of her company following Goldman Sachs footsteps once regulatory concerns are settled.
If the ICE plans push through, the reported trading platform will allow institutional investors to buy and hold the cryptocurrency.
No further details on the trading platform were provided as the plan has not yet been finalized. The skepticism that most Wall Street institutions have towards bitcoin is likely to cause delays or even the complete trashing of the project.