The New York Stock Exchange Announces Collaboration With CoinDesk Indices To Launch Financial Products Tracking Spot Bitcoin Prices
Portfolio Pulse from Benzinga Newsdesk
The New York Stock Exchange (NYSE), part of Intercontinental Exchange, Inc. (NYSE:ICE), is collaborating with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). These contracts are subject to regulatory approvals.
May 29, 2024 | 12:21 pm
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Intercontinental Exchange, Inc. (NYSE:ICE) is collaborating with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). This partnership could enhance ICE's product offerings in the cryptocurrency space, pending regulatory approvals.
The collaboration with CoinDesk Indices to launch new financial products could expand ICE's presence in the cryptocurrency market, potentially driving short-term positive sentiment and stock price appreciation, subject to regulatory approvals.
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