It was only a matter of time before a Bitcoin trading platform would be born, and it looks like we’re on the verge of one of the first.
The New York Stock Exchange (NYSE) is reportedly in talks with Coinbase, the largest Bitcoin exchange in the world, to launch an online trading platform in the U.S. In a statement provided to Business Insider, Coinbase CEO Brian Armstrong said that they’re “very excited” about the idea and look forward to bringing this service to market as soon as possible.
“We are confident that the Bitcoin trading market will soon be a major player in the online trading space, with a significant and growing user base,” Armstrong wrote.
“We believe that there is a tremendous potential for this service and are committed to working with our partners and investors to make this happen.”
The platform would enable users to buy, sell and invest in Bitcoin on a daily basis, using a simple trading platform that could be easily integrated into any digital trading platform.
It’s unclear what Coinbase is offering to pay users to trade on the platform, but it’s certainly an interesting idea.
We reached out to Coinbase for more details on this service, but we’ll update this article if we hear back.
There are currently two competing Bitcoin trading platforms in the market.
CoinBase and Kraken offer a more traditional and more expensive service for buying and selling Bitcoins on the stock exchange.
They also offer a similar product called Bitcoin Gold, which is basically a cheaper version of CoinBase’s Gold account.
It comes with a limited number of trades per day, and the only way to buy and sell Bitcoins in this service is to register for an account and pay a fee of $10 per trade.
It doesn’t have the features of a stock exchange, like a market cap, but there are plenty of other ways to buy Bitcoins in a variety of markets.
Coinbase is not the first Bitcoin trading service to come to the U of A. There are other trading platforms that have opened up in the state, including one called CoinBase NY.
In December of this year, CoinBase also opened up an online Bitcoin brokerage, but its services were only available in the US.
The company did not respond to requests for comment from Business Insider.
The New York State’s bitcoin trading system is currently in beta.
The beta is currently available on Coinbase’s website, but is not live yet.
Coinbase has also said that it plans to add support for foreign exchanges, including a foreign Bitcoin exchange, to the platform soon.
The only other cryptocurrency-focused trading platform to open up in New York state is Gemini, which launched in March of this last year.