ICE hints plans for expansion of Cryptocurrency Data Feed

Posted 18 March, 2019

The operator of NYSE platform – Intercontinental Stock Exchange (ICE) – is about to expand the list of the coins supported by its service Cryptocurrency Data Feed.

Lately, the company announced that it was preparing for adding new cryptos to Cryptocurrency Data Feed. This move is believed to boost transparency in the market. 

For reference, ICE rolled out its information service called Cryptocurrency Data Feed back in January 2018. This solution is the result of cooperation with Bitcoin and blockchain company Blockstream. It is designed to provide the players with real-time data about cryptocurrencies, including the rates and order books. 

According to the official website, ICE's crypto service supports 58 cryptos receiving data from different markets and trading platforms. Meanwhile, the list contained just about 15 coins back in December. After the update, the solution is rumoured to cover thousands of cryptocurrencies collecting data from hundreds of exchanges.

 The Cryptocurrency Data Feed solution is also powered by the Secure Financial Transaction Infrastructure instrument that was developed by ICE, which in its turn is aimed at offset downtimes and introduces notifications for investors.

Besides, ICE also stated this February that it's crypto exchange Bakkt would go live later in 2019. The platform keeps attracting strong attention along with top investors. Specifically, Bakkt is backed by such giants as Microsoft and Starbucks.

As it was reported earlier, Bakkt managed to close its first private funding round with general investments reaching $182.5 million. At the same time, its parent company ICE successfully acquired futures commission merchant Rosenthal Collins Group, which is believed to boost Bakkt's risk management as well as AML and KYC policies.

Previous story

18 March, 2019 16:29

← Citigroup gives up plans for own crypto token

The global financial giant – Citigroup – reportedly gave up plans to launch its own cryptocurrency token. The company considered the possible launch of the crypto token that might make global payments more effective and faster back in 2015. However, it was not made any official announcement about the project by the company. It was decided to spend money on further development of the existing instruments rather than new crypto initiatives. 

Citigroup gives up plans for own crypto token

Next story

18 March, 2019 14:09

Bitcoin futures contracts unlikely to be changed on CME in March →

Unlike Cboe, Chicago Mercantile Exchange stated that it would revise its bitcoin futures offering. The exchange has no plans to change bitcoin futures contracts that are being offered on CME. Market analysts believe that CME's offering looks much more profitable and well-designed. Cboe announced that it would not list bitcoin futures in March last week citing a need for revision of its business approach to this product.

Bitcoin futures contracts unlikely to be changed on CME in March
Write a comment
 
Prove you’re not a bot + 12 = 20