NYSE Owner Says ‘We May Be Stupid’ for Waiting on Bitcoin Futures
- Intercontinental’s rivals about to start offering contracts
- Says no desire to price bitcoin from non-transparent markets
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The owner of the New York Stock Exchange and some of the largest futures markets in the world said he may regret not creating a futures contract based on bitcoin as competitors CME Group Inc., Cboe Global Markets Inc. and Nasdaq Inc. have done.
“We may be stupid for not being first on that,” Jeff Sprecher, chief executive officer of Intercontinental Exchange Inc., said today at an investor conference sponsored by Goldman Sachs Group Inc. in New York. “I don’t have the answers, I wish I knew” how the investments will evolve, he said. “I don’t know what to make of cryptocurrencies.”