ICE Partner With Blockstream to Launch Crypto Tracking Tool

ICE was formed to develop a transparent marketplace for OTC energy markets in 2000. With revenues from data services, global derivatives, listings, cash equities, etc., ICE achieved revenue of $4.6 Billion in the fiscal year 2017.

According to ICE’s announcement, Cryptocurrency Data Feed allows investors to access price discovery data, which is fundamental to accurately valuing the crypto market. The feed effectively helps address investors’ need for real­time, transparent and comprehensive data, and covers more than 60 cryptocurrencies globally from major markets and exchanges.

ICE currently owns more than 20 exchanges and markets, including major exchanges such as the New York Stock Exchange (NYSE), future exchange ICE Futures U.S., and OTC markets ICE OTC Energy.

At the same time, ICE announced plans to launch a cryptocurrency platform Bakkt late last year, with an expected launch time in early 2019, but was since delayed (possibly as a result of the partial government shutdown).

Bakkt announced on Dec. 31st that it successfully completed its first funding round, raising $182.5 million from 12 major institutional investors, including ICE, Galaxy Digital and Microsoft’s venture capital.

Photo: Pixabay

Author: Nicole Wei

Disclosure: I have no positions in any cryptocurrencies or related securities mentioned, and no plans to initiate any positions within the next 72 hours