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   486

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

ErisX May Start Spot Crypto Platform Test

American broker TD Ameritrade is among big players interested in new opportunities, but both companies continues to be silent
25 April 2019   82

ErisX Derivatives Exchange is may be testing a platform for spot trading in cryptocurrencies, and some major players have already become interested in new opportunities. American broker TD Ameritrade is among them, reports The Block.

While representatives of both companies refuse to comment on the situation, however, if the partnership information is confirmed, 11 million TD Ameritrade customers will receive access to spot cryptocurrency trading.

Thus, the company will become one of the first large brokers to provide retail traders with access to digital currencies as an independent asset, and will be able to compete with the Robinhood.

Last October, ErisX attracted investments from TD Ameritrade to launch a regulated exchange of Bitcoin derivatives, Bitcoin Cash, Ethereum and Litecoin.