The New York Stock Exchange (NYSE) will introduce bitcoin options. To determine the price, the NYSE will use the XBX index which tracks Bitcoin spot prices on several cryptocurrency exchanges and is updated once per second every day.
Options give the right, but not the obligation, to buy or sell an asset at a specified price and date.
NYSE explained that this collaboration was driven by investor enthusiasm following the approval of a spot Bitcoin ETF. According to the official announcement, these option contracts will be settled in fiat currency. A specific launch date for this new product category has not been revealed.
