Exchange operator ICE is working on a platform for trading Bitcoin

The Intercontinental Exchange Operator (ICE) is working to create an online platform that would allow large investors to buy bitcoin, The New York Times reported, citing available e-mails and documents, as well as four sources familiar with the situation .

“Details on the platform on which the Intercontinental Exchange operates have not yet been approved,” the newspaper writes, explaining that the existence of the project is still in question, as the large Wall Street participants are hesitant to cooperate with representatives of the cryptocurrencies trade.

ICE negotiated with other financial institutions to create a new option through which banks could enter into swap contracts, which would allow the buyer to purchase bitcoin the next day with the assistance and security guarantees of the exchange, the newspaper writes citing sources. “The swap contract allows the transaction to pass in accordance with the rules of the Commission on Trade in Commodity Futures USA (CFTC),” – explains the publication.

The bitcoin rate on Tuesday was about 9.17 thousand dollars, according to CoinMarketCap. The market capitalization of the cryptocurrency, according to CoinMarketCap, is currently $ 430 billion. Bitcoin accounts for approximately 36% of the entire cryptocurrency market.

Intercontinental Exchange (ICE) is one of the largest operators of electronic commodity trading, founded in 2000. The headquarters is in Atlanta. The company controls the New York Stock Exchange, as well as a number of sites in the US, Europe and Canada for trading in futures and options for oil, gas, oil products, grains, sugar. Source: 1prime.ru

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