NYSE Partners with CoinDesk for Bitcoin Options Tracking

The New York Stock Exchange (NYSE) has announced a strategic partnership with CoinDesk Market Indexes to introduce products that track Bitcoin prices. This initiative will feature a cash-settled index, paving the way for new avenues in options trading against Bitcoin. The collaboration aims to benefit traditional traders and investors by leveraging the CoinDesk Bitcoin Price Index (XBX), the longest-operating spot Bitcoin (BTC) index.



“Traditional institutions and everyday investors are showing immense enthusiasm following the approval of spot Bitcoin ETFs,” stated Jon Herrick, Chief Product Officer at the New York Stock Exchange, in a press release. “Upon regulatory approval, these options contracts will provide investors with a vital liquid and transparent risk-management tool.”



XBX currently monitors the real-time spot price of


First found on: Cryptonews from Coinatory