When the New york stock exchange announced to invest in the US based bitcoin exchange and "Coinbase" wallet , we thought that it was b/c of the ascent of bitcoin what had been done for "Tumultous teen years" and now ready for real Business,Real business would be by the high profile investors and an exponential growth in the ecosystem.
Just such a development recently arised that Goldman Sachs, Morgan Stanley, BNP Paribas and Societe Generale bankers have announced a new tachnique & derivatives-trading platform for bitcoin which is quite interesting . The brokerage platform will specialize in futures and options tied to the price of bitcoin and will enable businesses and investors to hedge their digital currency exposure.
Since its inception and rocket rise, the biggest problem of bitcoin is volatility of currency. The familiar fear,redtrain goes something like this: "why would a merchant hold a currency that can fluctuate 10 to 20 percent per day?" The answer is that they won't and don't. Despite the logical answer, many have been flummoxed by the falling price of bitcoin even as major companies like Dell and Microsoft have begun accepting the digital currency. Most assume that merchant acceptance is a bullish sign for the price of the currency. However, reality illustrates the exact opposite.