Most Famous Stock Exchange Gets Into Cryptos
The New York Stock Exchange dares it and gets into the cryptos. They do this in a surprising way.
The most famous stock exchange is, of course, New York. The exchange is now taking the first steps by filing a trademark for offering trading services in the metaverse.
Stock exchange gets into cryptos
The New York Stock Exchange (NYSE) has registered a trademark application to sell digital currencies and NFT trading services in the metaverse. The application was submitted on February 10 and it is the company’s first serious step in the concept of the metaverse. The organization will be able to compete with other exchanges and established NFT marketplaces in the future.
The NYSE is one of the first exchanges to take this step. This means anticipating the emergence of virtual worlds and the associated business opportunities. The company applied to provide trading services using augmented and virtual reality tools. Which means the NYSE may be considering opening a metaverse-based trading platform.
It is going to happen
This would make NYSE a direct competitor to other already established markets such as Opensea and Rarible. According to Michael Kondoudis, trademark attorney, this is a testament to the importance of the metaverse as part of the financial institution’s business model. He claimed: This submission is the final confirmation that the metaverse is real and that companies should plan accordingly. Businesses no longer have to wonder if it’s going to happen. It’s just a matter of when.
So companies are convinced of the need to step in and want to be the first in their market. The NYSE uses a proactive, forward-thinking approach to ensure it is the leading financial exchange in the metaverse.
