The New York Times reports that Intercontinental Exchange (ICE), the parental company of the NYSE, is on the verge of evolving a trading platform cryptocurrency derivatives.

The exchange instituted in 2000 with the backing of several of the world’s biggest banks, ICE owns and operates 23 different regulated currency exchanges throughout North America and Europe. It purchased the NYSE in 2013 and is now worth $40 billion.

The media conversations emphasize setting up of the new business and the trades that would take the form of swaps. The new contracts would reportedly take the form of swaps and if so will be regulated by CFTC.

This is the latest instance of an American financial institution becoming interested in cryptocurrency. The two predominant futures exchanges of Chicago included Bitcoin to their menus last year (futures are transactions executed after a pre-arranged delay, sometimes of years), and in the recent past, the major investment bank Goldman Sachs proclaims that handling financial derivative products linked to Bitcoin, exclusively open for wealthy clients.

In addition, the dual biggest investment funds (Soros Fund Management and the Rockfeller foundation) have also taken an interest in the new asset.

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