Bitcoin Trading On Wall Street To Soon Become A Reality

The Bitcoin and the other cryptocurrencies have been going through unregulated fringes for over a decade now. It looks like that the New York Stock Exchange is creating an online trading platform that would provide the large investors to buy and also hold the Bitcoin currency. This means that Wall Street will now be trading in Bitcoins.

It is still in the nascent stage, but the efforts are going on in full swing to make it a reality soon. There was news shared by Goldman Sachs that they are looking to open a Bitcoin trading unit. This will be the very first such trading unit to open at a Wall Street bank.

The move made by some of the leading companies of the New York Stock Exchange like ICE, and Goldman is showing that there will be a paradigm shift that Bitcoin will be seeing from being an unregulated digital currency to become a regulated digital currency.

The cryptocurrencies had been known to be something of a great risk and often used by underworld associations. But, with the Wall Street big brokers showing interest in Bitcoin trading, there is no doubt that Bitcoin will soon turn a new chapter in its book.

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About the Author: Colleen Kerr

Colleen is a financial reporter, focusing on technology, national security, and all things mobile. Before joining the BitCoinPlussNews, she worked as a staff writer at Huff Post and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.

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