NYSE Parent Company to Launch Bitcoin Futures Soon

The Intercontinental Exchange, the company known for fathering the New York Stock Exchange, just announced the launch of a futures contract tracking Bitcoin in a notice on Tuesday evening.

Although it’s still pending regulatory approval, ICE is confident that trading will go live on December 12 this year, making it almost precisely one year since the release of CBOE and CME’s futures contracts.

“Each futures contract calls for delivery of one Bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in US dollar terms. One daily contract will be listed for trading each exchange business day,” the exchange wrot…

This article appeared first on Cryptovest

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