NYSE President: If regulations become clearer, the NYSE will consider offering cryptocurrency trading services

2024-05-30 08:52:59

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ChainCatcher news, according to CoinDesk, at the Consensus 2024 conference, NYSE President Lynn Martin stated that if the regulatory environment for cryptocurrency trading becomes clearer, the NYSE would consider offering cryptocurrency trading services.

She pointed out that the spot Bitcoin ETF listed in the U.S. has accumulated $58 billion in assets, indicating a strong market demand for regulated crypto products.

Martin and Bullish cryptocurrency exchange CEO Tom Farley discussed cryptocurrency regulation, changes in U.S. politics, and the opportunities and limitations of blockchain technology. Farley mentioned that the U.S. attitude towards cryptocurrency is rapidly changing, including the removal of the anti-cryptocurrency chair of the Federal Deposit Insurance Corporation (FDIC), the passage of the Financial Innovation and Technology Act (FIT21) in the House, and Republican presidential candidate Donald Trump's support for cryptocurrency.

Additionally, the Chicago Mercantile Exchange (CME) plans to launch spot cryptocurrency trading. Farley stated that while blockchain technology is expected to improve the efficiency of financial processes, regulators' skepticism towards public blockchains may drive traditional financial companies to develop private blockchains.

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