NYSE Open to Crypto Trading Now Pending Regulatory Clarity

NYSE Open to Crypto Trading Now Pending Regulatory Clarity featured

Thursday, June 6, 2024 – New York Stock Exchange (NYSE) president Lynn Martin expressed openness to offering cryptocurrency trading but highlighted the lack of clear regulations in the US as a major hurdle.1

She made these comments during a discussion at Consensus 2024 in Austin, Texas.

The gathering of the $58 billion of assets in U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETF) remarked on the demand for regulated crypto products, she added.

“So, hopefully, the [U.S. Securities and Exchange Commission] saw the inflows and said, ‘Hey, this makes a lot of sense,’ considering bitcoin ETFs have been a tremendous success,” said Martin. 2

The Chicago Mercantile Exchange (CME Group), the world’s leading futures exchange, was eyeing a move into spot Bitcoin trading, capitalizing on the growing interest from Wall Street money managers seeking exposure to cryptocurrencies in 2024, the Financial Times reported May 16. 3

Less liquid assets like municipal bonds would deliver financial services more efficiently and openly with the utmost support of blockchain platforms, Martin said.

Sources
  1. NYSE: https://finance.yahoo.com/news/nyse-consider-crypto-trading-regulatory-211425784.html[↩]
  2. NYSE: https://www.coindesk.com/business/2024/05/29/nyse-would-consider-crypto-trading-if-regulatory-picture-were-clearer-president-says-at-consensus-2024/[↩]
  3. NYSE: https://www.ft.com/content/bfae5894-8fa7-4131-86ce-7f8614065985[↩]
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