ICE to Spend Over $20M on Bakkt This Year

ICE CEO believes investing in Bakkt is quite an ambitious task for ICE since it is not a typical product for it
11 February 2019   683

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, expects to invest in the development of the Bitcoin futures platform Bakkt up to $ 25 million before the end of the year, CoinDeskr eported.

In the course of the teleconference devoted to the results of the 4th quarter of 2018 last week, ICE Chief Financial Officer Scott Hill said that investments in Bakkt during this fiscal year will be from $ 20 million to $ 25 million.

CEO Jeff Spreker, in turn, said that investing in Bakkt is quite an ambitious task for ICE, since it is not a typical product for it. Nevertheless, he noted, Bakkt was able to attract such large organizations as the venture capital fund Microsoft and Starbucks.

At the same time, Spreker found it difficult to name the exact launch date of Bakkt. Recall, it was originally expected that the platform will begin work on January 24, but these dates were postponed. Bakkt intends to offer bitcoin futures with a physical asset suppl

Binance DEX to List 5 TrustToken Stablecoins

Binance DEX listed TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, tied to appropriate fiat currencies
08 August 2019   234

Non-custodian exchange Binance DEX in the near future conducted a listing of five new stablecoin issuer TrustToken, The Block reports.

As TrustToken said, Binance DEX added TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, exchange rates related to the US dollar, Australian dollar, Canadian dollar and Hong Kong dollar, respectively.

All five assets will be released on the blockchain. Until this moment, TrustToken stablecoins were available only in the format of ERC20 tokens on the Ethereum blockchain.

Binance DEX has new opportunities for making financial contributions. TrueUSD trading on Binance DEX should start on August 8th. Listing suggestions for other TrustToken stablecoins will be issued in the coming weeks.

TrustToken plans to launch its new or two additional blockchains before the end of the year and the new TrueSGD, the rate of which will be tied to the Singapore dollar, “soon”.