The New York Stock Exchange (NYSE) has teamed up with Coindesk Indices to develop cash-settled options contracts that track bitcoin prices. These contracts, based on the Coindesk Bitcoin Price Index (XBX), are currently in the planning stage and awaiting regulatory approval.
NYSE and Coindesk Indices Forge New Path With Bitcoin Options Contracts
The proposed New York Stock Exchange (NYSE: ICE) and Coindesk collaboration aims to harness XBX, the longest-operating spot bitcoin index, which is the benchmark for $20 billion in exchange-traded fund (ETF) assets under management (AUM). The index represents the real-time spot price of bitcoin (BTC), denominated in U.S. dollars, and is…