It’s not a stampede, but a growing number of traditional stock exchanges have begun to offer cryptocurrency-related products, in a move that’s been viewed in some quarters as key to introducing cryptocurrency to conventional equities investors. But will the involvement of stock exchanges help the cause of cryptocurrency, or is this merely an opportunistic endeavour by profit-oriented bourses fearful of missing out on crypto revenue?
Also read: Bibox Exchange to Launch Leveraged BCH Perpetual Contracts
Breaking New Ground
On April 3, the Jamaica Stock Exchange (JSE) announced that it will start a limited pilot to trade bitcoin and ethereum within the next few weeks. The move by the JSE is the latest in a series of announcements that aim to open the doors to cryptocurrency investment. In the U.S., the Nasdaq has recently listed BTC and ETH indices, while Switzerland’s main stock exchange, SIX, listed an XRP-based exchange-traded product.
According to Marlene Street Forrest, managing director of the JSE,…