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by colemannugent 3123 days ago
>... New York Stock Exchange owner Intercontinental Exchange Inc. is the only one of the four major U.S. exchange operators without public plans to offer bitcoin derivatives.

That's pretty big. A couple years ago people were very skeptical that the big players would ever start dabbling in Bitcoin.

3 comments

In some sense, they're still not. Derivatives don't require much involvement in the underlying commodity. For example, consider weather derivatives:

https://en.wikipedia.org/wiki/Weather_derivative

E.g., the CME's weather futures and options:

http://www.cmegroup.com/trading/weather/

It's not like the Merc is really involved in weather. They just let people gamble on the weather.

That is huge. Five years ago the financial establishment was basically saying it was an investment fraud scheme.
NYSE also backs coinbase.