The New York Stock Exchange (NYSE), the world’s oldest stock exchange, has also been caught up in the rise of Bitcoin. The exchange, a global provider of technology and data, will work with Coindesk’s index unit to create options products.

As part of the collaboration, special option products that track the Coindesk Bitcoin Price Index (XBX) will be issued and listed on the exchange. Regulator approval will be required for listing.

As it is known, XBX tracks the price of Bitcoin against the US dollar in real time on many exchanges. The XBX price is recalculated and updated every second.

“ETF interest is seen”

Jon Herrick, head of products at the New York Stock Exchange, stated that the great interest in Bitcoin spot ETFs paved the way for this cooperation and said:

“Traditional institutions and individual investors are increasingly interested in Bitcoin spot ETFs. That’s why we at the New York Stock Exchange are pleased to partner with Coindesk Indices. These options contracts will provide investors with liquid and transparent risk management tools.”

“It will open a new page in the digital asset world”

“XBX has earned the trust of millions of Bitcoin investors, market participants and Bitcoin lovers since 2014… The XBX index options that will be created through this partnership with the NYSE will open a new chapter in the digital asset world,” said Andy Baehr, product manager for CoinDesk Indices.