[Breaking] World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

[The Cryptovator]

At least some thing positive news about Bitcoin.
News from CCN....  World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

Quote from CCN

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. 

Quote from CCN

ICE made the groundbreaking announcement on Friday, revealing that the new platform — Bakkt — has been developed in partnership with a variety of blockbuster names, including Microsoft, Starbucks, and BCG.

Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures product, complete with physical warehousing managed in-house by ICE. This product will launch in November, pending regulatory approval.

"The bitcoin price saw moderate bump in the hours following the announcement, rising as high as $7,503 on Bitfinex after dipping as far as $7,282 earlier in the day." 

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[mk4]

Definitely good news. Most likely going to create more liquidity in the market for hopefully lower volatility.

Still fingers crossed for the ETF though, even though some people are saying that the rate of success is low.

[phuckit17]

Ya Unlike the CBOE futures These will be settled in BTC not dollars, Plus ICE doing Custody and Insurance, this will be HUGGEE.

[Silenox]

Bitcoin being treated as an asset / commodity is the best scenario from a legal point of view. This will guarantee liquidity, while not taking away the total control of who owns Bitcoin. That's the way it's going, and maybe that means BTC-backed currencies.

[virendarnagpal]

Vow ; great news.  Stock exchange launching bitcoin market.  So bitcoin market / crypto market will be the next form of stock markets.  I think stocks for companies will be issued in crypto currency coins.  so future is bright.  definitely good news.

[stompix]

That name.....Bakkt ...

But the most important part:

Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures product, complete with physical warehousing managed in-house by ICE.

Now, this a real game changer!!
Unlike CME in which no real bitcoins are traded and the settlements are in $ this will be a lot more interesting, you'll have to come up with the coins!!!

Forget SEC, Samsung and all the BMW accepting bitcoin fake news.
For the very first time in what it felt like ages, I'm really feeling a bit bullish

And this time the news is real, Reuters also quoted them

“As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into U.S. dollars for use at Starbucks,” Maria Smith, vice president, partnerships and payments for Starbucks, said in a statement.

Starbucks already is bigger that some banks when it comes to their cards, imagine the option in turning those to BTC 

[ICOKite]

https://cointelegraph.com/news/nyse-operator-announces-new-global-digital-assets-platform-plans-bitcoin-futures-launch

This is definitely good news!!!

[mk4]

That name.....Bakkt ...

I mean, take a look at their website to start with(if this is indeed their website): https://www.bakkt.com/index

Looks like a first Wordpress website made by some random beginner dude. Makes me more skeptical.

[steampunkz]

At least some thing positive news about Bitcoin.
News from CCN....  World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

Quote from CCN

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. 

Quote from CCN

ICE made the groundbreaking announcement on Friday, revealing that the new platform — Bakkt — has been developed in partnership with a variety of blockbuster names, including Microsoft, Starbucks, and BCG.

Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures product, complete with physical warehousing managed in-house by ICE. This product will launch in November, pending regulatory approval.

"The bitcoin price saw moderate bump in the hours following the announcement, rising as high as $7,503 on Bitfinex after dipping as far as $7,282 earlier in the day." 

Yeah I read this news a while ago and its pretty obvious with these big companies working together to also adapt cryptocurrencies in the world, They know bitcoin price will still increase and it's very popular with people nowadays, This could be a good news for bitcoin for people and investors like us to use it more.

[bayu7adi]

it seems like this is good news, where BTC starts to be accepted by several platforms
it seems that BTC's steps must be like this, where it is not possible for everyone to simultaneously accept BTC, but it needs to go through some careful consideration of the parties concerned

[pooya87]

yeah, i saw this news yesterday on Reddit. it is great, and the bitcoin world has been filled with positive news like this for a while now but there still is some forces in the market that are preventing the rise from taking place and i am not just talking about manipulation although that is a part of it. mainly it is the fear and the fact that people are waiting for the move to start first before joining in. and also waiting for this ETF nonsense to come to a conclusion because they are afraid of what may happen and are greedy for the possibility of a tiny big cheaper bitcoins to buy!

[iotarocket]

This is very good news. I think with the explosion in market caps over the last few years, and with stories of new billionaires whobuilt their wealth on cryptocurrencies, the mainstream financial institutions are taking notice. Of course Wall Street wants its cut.

[feny.blackpink]

wow bitcoin really has spread its wings. every day we hear good news about bitcoin. yes, this is one of the things that has proven that bitcoin has developed every day.

[stompix]

That name.....Bakkt ...

I mean, take a look at their website to start with(if this is indeed their website): https://www.bakkt.com/index

Looks like a first Wordpress website made by some random beginner dude. Makes me more skeptical.

Oh    Mother of God!!!!!

I'm probably getting too old to keep up with "modern' times but still, what the hell is that?

Bakkt features artists to recognize individual expression, energy and potential
The creative expression of artists symbolizes the individual experience each of us brings. Highlighting art and diverse artists speaks to the intersection of design and culture.

Ok, maybe it is art but who thought of putting that art on this website who is supposed to be the new huge thing in crypto, and who designed it ?
Seriously, do they think that crypto lovers are mad about this stuff?

Oh, and another thing, the domain was registered just 28 days ago, seems like they rushed things, a lot!!!!!

[Catch-22]

Wall Street is now heavy into cryptocurrency. This news made it official. A Hollywood movie should be made about bitcoin. A reboot of Wall Street is in order. 

[FunZedCrypto]

This is indeed a good news for everyone. After an ETF declining and one still pending in the penalty, this a hope of light for whom who gets affected by news or hype. Thus, NYSE is recognizing BTC an important way of exchanging values like as asset or money, that is why they declared about a market based on BTC. The world is changing.

[BitcoinHodler]

the name of it is pretty weird but this was a great news and it could have even been a big bullish signal in my opinion but i still can not figure out why the price is not rising as it should.

is it the fear of ETF?

[muhammedb]

At least some thing positive news about Bitcoin.
News from CCN....  World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

Quote from CCN

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. 

Quote from CCN

ICE made the groundbreaking announcement on Friday, revealing that the new platform — Bakkt — has been developed in partnership with a variety of blockbuster names, including Microsoft, Starbucks, and BCG.

Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures product, complete with physical warehousing managed in-house by ICE. This product will launch in November, pending regulatory approval.

"The bitcoin price saw moderate bump in the hours following the announcement, rising as high as $7,503 on Bitfinex after dipping as far as $7,282 earlier in the day." 

Wow this is really great news,  like i always say positive news trigger the price or success of project because every body want to in positive and profit project so with this great news i can say bitcoin will gain more and more users or investors definatily the price will boom again.

[1993jochico]

Whoah! This is a big new's for the crypto currency industry, it will affect the market circulation and can give more demand on bitcoin it can also give interest on altcoin's to those who are in there.

Before, most of the Stock Exchange treat bitcoin as a bubble and now here they are accepting bitcoin in their market.

[avikz]

The most interesting part of the news is "Physically settled bitcoin futures" here! That essentially means that the company will have to buy large amounts of bitcoins to keep as an underlying asset of the future contract, that will effectively take out large quantity of the bitcoins out of the circulation pushing the price to the higher notch.

I searched through the parent company's website to know more about the news. My findings below,

1. The new company name will be Bakkt.
2. ICE is partnering with big names like Boston Consulting Group, Microsoft and Starbucks to draw expertise for risk management, technology and consumer experience.
3. The physically settled bitcoin future is expected to go live from November 2018.

I encourage everyone to read the news from the ICE website itself which offers more information on this matter. Link below,

http://ir.theice.com/press/press-releases/all-categories/2018/08-03-2018-133022149

Indeed a cheering day which already helped me to beat the Monday morning blues while going to office!