The NYSE is prepared to incorporate cryptocurrency, but the timing hinges on the establishment of clear regulations. This was announced by Lynn Martin, the president of the New York Stock Exchange. She stated that the successful launch of the Bitcoin ETF highlighted significant demand for regulated cryptocurrency products. However, the absence of definitive rules currently prevents the exchange from offering this opportunity to traders.
In addition, NYSE CEO Tom Farley expressed optimism that the regulatory landscape in the US will improve over the next few years, regardless of the election outcomes.
It's worth noting that the NYSE plans to introduce Bitcoin options, while the Chicago Mercantile Exchange (CME) is also gearing up to launch Bitcoin trading.
As the largest stock exchange in the world, the NYSE, along with CME, the largest futures exchange, could pose substantial competition to platforms like Binance and Coinbase. $BTC