The New York Stock Exchange (NYSE) announced a partnership with CoinDesk Market Indexes to launch products that track Bitcoin prices. 📈

- The collaboration involves the creation of a cash-settled index, opening up new opportunities for options trading against Bitcoin.

- This will allow traditional traders and investors to use the CoinDesk Bitcoin Price Index (XBX) - the longest-running Bitcoin price index.

- XBX tracks the real-time price of Bitcoin in US dollars on various cryptocurrency exchanges.

The NYSE and XBX collaboration means investors can now trade cash-settled options to speculate on Bitcoin price movements. This makes it easier for investors to manage risk and implement complex trading strategies.