Cryptocurrency Exchange

Intercontinental Stock Exchange Likely to Expand Cryptocurrency Data Feed


Intercontinental Stock Exchange (ICE) in a tweet on March 14 stated that it would add a slew of new coins to its Cryptocurrency Data Feed. ICE is the parent company of the New York Stock Exchange (NYSE). The Cryptocurrency Data Feed was launched in January 2018, and it offers real-time digital currency information, covering prices and order books. The platform is established reportedly by the partnership of ICE and Bitcoin (BTC) and blockchain technology company Blockstream.

According to the announcement, ICE would extend a list of supported cryptocurrencies to thousands, and it would also add the venues by hundreds. By this move, the company aims at increasing transparency in the field.

As of now, the Cryptocurrency data feed is now compatible with 58 digital currencies from various data sources, markets and exchanges all over the world. The service is supported by ICE’s Secure Financial Transaction Infrastructure (SFTI) tool. This tool claims to do away with the downtime for investors and provide a notification immediately if an emergency arises.

ICE said in February that the launch of its cryptocurrency platform Bakkt was scheduled for later in 2019. The infrastructure of the project has been able to attract a number of high-profile investors and partners like Starbucks and Microsoft. It had also revealed in February that it had almost completed the details of the first acquisition of assets in futures commission merchant Rosenthal Collins Group. The news of the acquisition was first made public in January this year. The acquisition is expected to expand Bakkt’s risk management and treasury operations with systems and expertise. It also is likely to contribute to Bakkt’s Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.

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