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Wednesday, 16 February 2022

Planet Finance: New York Stock Exchange sets NFT + crypto trading in its sights

NYSE stakes a claim on cryptocurrency + NFT trading: The New York Stock Exchange has filed an application with the US patent and trademark office to provide an online marketplace for non-fungible tokens (NFTs) and cryptocurrencies, which could one day see it compete with NFT marketplaces like OpenSea and Rarible. While the NYSE said it had “no immediate plans” to implement the digital exchange in a statement picked up by Bloomberg, the move suggests that traditional bourses are taking virtual assets increasingly seriously as they look to the future of markets. The New York bourse last year minted its first NFTs with nods to NYSE-listed companies like Spotify, Roblox and Coupang.

Up

EGX30

11,563

+1.4% (YTD: -3.2%)

None

USD (CBE)

Buy 15.67

Sell 15.77

None

USD at CIB

Buy 15.67

Sell 15.77

None

Interest rates CBE

8.25% deposit

9.25% lending

Up

Tadawul

12,351

+1.2% (YTD: +9.5%)

Up

ADX

9,135

+0.3% (YTD: +7.6%)

Up

DFM

3,279

+1.0% (YTD: +2.6%)

Up

S&P 500

4,471

+1.6% (YTD: -6.2%)

Up

FTSE 100

7,609

+1.9% (YTD: +3.0%)

Down

Brent crude

USD 93.28

-3.3%

Up

Natural gas (Nymex)

USD 4.38

+1.6%

Down

Gold

USD 1,854

-0.1%

Up

BTC

USD 44,262

+4.2% (as of midnight)

THE CLOSING BELL-

The EGX30 rose 1.4% at yesterday’s close on turnover of EGP 744 mn (28.6% below the 90-day average). Foreign investors were net buyers. The index is down 3.2% YTD.

In the green: Qalaa Holdings (+7.9%), Sidi Kerir Petrochem (+2.8%) and Ezz Steel (+2.7%).

In the red: Madinet Nasr Housing (-4.1%), Cleopatra Hospital (-1.5%) and Mopco (-0.9%).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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