New York Stock Exchange to Launch Bitcoin Options Products
The New York Stock Exchange (NYSE) on Wednesday announced its intention to introduce cash-settled spot Bitcoin options, pending regulatory clearance.
The new Bitcoin options on the NYSE will track the CoinDesk Bitcoin Price Index (XBX) to determine their value. This index, created by CoinDesk Indices, has been around for a decade and is already used to track over $20b worth of Bitcoin ETFs.
“As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce its collaboration with CoinDesk Indices,” said Jon Herrick, chief product officer at the NYSE.
“Upon regulatory approval, these options contracts will offer investors access to an important liquid and transparent risk-management tool,” he added.
The NYSE is proud to announce our collaboration with @CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). NYSE President @LynnMartin and @ThomasFarley, CEO of @Bullish discussed the announcement at Consensus 2024.
— NYSE
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