or just the beginning of a relentless bull market. There is also talk of Nasdaq doing the same sometime in the first half of 2018. Weve certainly gotten a lot of inquiries from hedge funds and other asset managers looking to understand cryptocurrency a little better, as they contemplate whether or not this is a good time to enter the marketplace. The bitcoin bonus could be one of the methodologies in recruiting better talent into your organization, said Bob Graham, a digital currency expert at accounting and advisory firm Friedman. A week later, on December 18, the CME Group will be rolling out a similar futures contract of their own. The bonus possibility ratcheted up with the Chicago Board Options Exchange (cboe) and the CME Group launching bitcoin futures contracts. Year-end bonuses on Wall Street are getting a generous dose of digital juice as many companies plan to add Bitcoin to the traditional mix of stocks and cash. Images courtesy of Reuters, AdobeStock. A fear of missing out (fomo) rush or a paradigm change? There would be some hurdles to clear legal, technical and practical before bitcoin and other cryptocurrencies are broadly mixed in with hard currencies as part of any mainstream Wall Street employee bonus schemes. This move by major US exchanges has given the digital currency a major boost, perhaps even encouraging more companies to adopt it as a payment option.
According to Aaron Kaplan, a securities attorney at Gusrae Kaplan Nusbaum, some venture funds are already offering their partners tokens tied to ICOs (Initial Coin Offerings) as part of their compensation packages. According to Wall Street insiders, some banks and brokerages are going to be sweetening the year-end bonus pot, adding bitcoin along with the cash and deferred stock typically awarded to employees.
Partners in some venture funds, as part of their packages, are already accepting virtual tokens tied to initial coin offerings now that the rising value of cryptocurrencies has been demonstrated, Kaplan told The Post. Bitcoin, it seems, is here to stay. Mania or a new normal? Wall Street is unveiling the bitcoin bonus for employees. Sure, it is definitely a possibility, he said of the bitcoin bonus on Wall Street. We saw a tremendous boost in the bitcoin price once the CME came out and said it was opening up the futures contract, New York-area commodities trader Dmitry Pichkar said. Do you believe that Bitcoin is finally starting to get the attention it deserves? As bitcoin, the leading cryptocurrency, hovered within shouting distance of 20,000 on Thursday, the Street was abuzz last week with the once unthinkable: bonuses padded up the wazoo with bitcoins.
Bitcoin wall street bonus