NYSE President says digital currency survival is "unequivocal"

New York Stock Exchange (NYSE) Chairman Jeffrey Sprecher said he is optimistic about the survival of digital currencies as an asset class, Barron's Economic Press Release said on November 27. .

Speaking at the Consensus Invest conference, Sprecher – who is also the managing director of the Intercontinental Exchange (ICE) – said that when he saw the headlines asking, "Will digital assets survive?" "He would say that" the unequivocal answer is yes ". are a little agnostic at the price, "added Sprecher.

On the scene of Consensus Invest in New York, Sprecher was accompanied by his wife and CEO of the cryptocurrency platform Bakkt, Kelly Loeffler. Bakkt is owned by ICE and is scheduled for launch early next year.

Commenting on the offer of Bitcoin Futures (BTC), Mr. Loeffler said that "the Bakkt futures contract will help Bitcoin traders to establish a price of trust. Bitcoin is now trading at different prices on different stock exchanges, many of which are unregulated. "

The NYSE and its parent company ICE have demonstrated a proactive approach to the cryptocurrency space. In January, ICE partnered with Blockstream, a blockchain technology company, to provide "disciplined" BTC pricing information to major Wall Street investors. ICE then planned to extract data from 15 large stock exchanges and pass them on to large financial companies, including hedge funds and professional trading companies.

Later in May, ICE announced plans to offer traders contracts that would ultimately result in customers owning BTC. ICE "would have had discussions with other financial institutions about creating a new operation allowing banks to buy a contract, called swap, which will end the day the customer will own Bitcoin – with the support and security of the exchange. "

Earlier in the day, Cointelegraph announced the creation of an Association for Digital Asset Markets (ADAM) to create a "code of conduct" for the cryptocurrency industry. Among the founding members of ADAM are former New York Stock Exchange CEO Duncan Niederauer, as well as Mike Novogratz's encryption bank, Galaxy Digital, the global financial services company BTIG, the fintech Paxos company and provider of crypto-liquidity solutions, GSR.