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