RATE Group | ICE’s Bakkt: New announcement stirs up cryptocurrency community
39559
wp-singular,post-template-default,single,single-post,postid-39559,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

ICE’s Bakkt: New announcement stirs up cryptocurrency community

21 Aug ICE’s Bakkt: New announcement stirs up cryptocurrency community

Posted at 20:38h in Cryptocurrency News by

[ad_1]

Recently, New York Stock Exchanges’s Intercontinental Exchange [ICE] announced that they will be launching Bakkt, an exchange platform for cryptocurrency in the month of November 2018. The news spread like wildfire in the cryptocurrency space. The announcement was made days before the SEC’s stance on the VanEck ETF.

The announcement turned out to be the most controversial one because ICE stated that they have been working on the project for almost 9 months and in collaboration with Starbucks and Microsoft cloud solutions. Moreover, it is set to become the first regulated market for cryptocurrencies. This was one of the main factors taken into consideration by the SEC for rejecting the Winklevoss ETF.

ICE had stated that the platform would include federally regulated Bitcoin futures contract, markets, and warehousing with merchant and consumer applications.

On 20th August, the CEO of Bakkt, Kelly Loeffler, revealed more details of the much-awaited platform on…

[ad_2]

Source link