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

[LateMoveR52]

So BTC is spreading its wings and hopefully will be successful. Definitely it will hit the market again. 

[ShakingCoin]

Wow great news, it’s a guarantee of liquidity and volatility in the market. Hopefully the success ratio will increase.

[CryptoShooter]

So the acceptance of crypto currency is increasing and as BTC is more popular and they know the price of BTC will increase. It’s really a great news indeed.

[jademacoy]

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." 

at least in this thread we can say that bitcoin or cryptocurrency is really helpful and good for the digital development of a certain country as this is the evidence that cryptocurrency is being adapted and accepted. Well we still could not confirm also as there were many FUDSTER's also around this forum.

[Asimmo]

Definitely a game changer announcement, although not yet reflected on the price.
If it really goes live in November 18, then we are pretty near to BTC price rise..
As if such event doesn`t have impact on price - then AIK what will.

Never read a thread so pleasantly.

[Jerrycryptofield]

ICE is not alone, they are partnering with Microsoft and Starbuck to create this ecosystem for cryptos and this is a really good news because all these renowned giants will definitely attract new investors who will interested to invest on crypto. Moreover the credibility and security will be also there.

[jakedeez]

I have been thinking about that and it feels very logical that goes to market need to be interceding some way, but as far as we now stock market is so many times bigger than cryptocurrency market is right now.

[stompix]

Am I the only person smelling a rat here? The website looks amateurish and the name    Looks like a late April Fools joke?

Well, the market has not reacted to this news, so I think they also think this is BS? Anyone know what the potential impact of

this will be, if this is true? {How many bitcoins would they need to buy to settle these futures contracts?}  

https://bcfocus.com/news/for-bitcoin-holders-ices-bakkt-a-reason-of-concern-wall-street-veteran/20376/

It's no rat, no April fools but the execution is laughable, and I feel ashamed I was excited by this..
- crappy website
- poor communication
- rushed project
- contradictions between partners

I think they had a plan, and due to some complications or maybe triggered exactly by the SEC decisions they tried to push it out in the open to gain the first spot...or something like this..

But till now, everything about it is terrible, and the whole fiasco with "you can buy"/ "no you can't" at Starbucks is making me think this is more like a test run for something else.
At this point, probably only God knows what's really behind it since even the guys behind it have no clue.

[ribowo76]

Really, very happy to read the news. I am very sure, this will be a new moment for bitcoin and altcoin. It seems like I have to prepare myself immediately 

[Ibizugbe1]

Should this take effect, then the Crypto market will burst. Am amazed that these exchanges are beginning to dump the lies of Bankers who call bitcoin fraud and attack it with their evil axis folks called the Media. Soon the banks will align with this community.

[MrRiuss]

This is definitely very good news. 

[UconBit]

Am I the only person smelling a rat here? The website looks amateurish and the name    Looks like a late April Fools joke?

Well, the market has not reacted to this news, so I think they also think this is BS? Anyone know what the potential impact of

this will be, if this is true? {How many bitcoins would they need to buy to settle these futures contracts?}  

https://bcfocus.com/news/for-bitcoin-holders-ices-bakkt-a-reason-of-concern-wall-street-veteran/20376/

It's no rat, no April fools but the execution is laughable, and I feel ashamed I was excited by this..
- crappy website
- poor communication
- rushed project
- contradictions between partners

I think they had a plan, and due to some complications or maybe triggered exactly by the SEC decisions they tried to push it out in the open to gain the first spot...or something like this..

But till now, everything about it is terrible, and the whole fiasco with "you can buy"/ "no you can't" at Starbucks is making me think this is more like a test run for something else.
At this point, probably only God knows what's really behind it since even the guys behind it have no clue.

Try this one:
http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/

"If the Bakkt blueprint works as planned, a panoply of new Bitcoin funds would tap the pent-up demand for the cryptocurrency, making it a safe and easy choice for everyday investors—notably millennials getting their first 401(k)s. Wall Street could then tap Bitcoin’s popularity as an alternative to stocks and bonds to generate giant trading volumes. And that flood of institutional buying and selling, in turn, would take the terror out of Bitcoin by smoothing its wild swings in price."

This sounds to me like an attempt to tame bitcoin. For better or worse, we are yet to see. It seems a bit concerning to me however because it looks like a grab for mainstream attention. Strange that we haven't seen any market reaction to it at all.

[Asimmo]

Am I the only person smelling a rat here? The website looks amateurish and the name    Looks like a late April Fools joke?

Well, the market has not reacted to this news, so I think they also think this is BS? Anyone know what the potential impact of

this will be, if this is true? {How many bitcoins would they need to buy to settle these futures contracts?}  

https://bcfocus.com/news/for-bitcoin-holders-ices-bakkt-a-reason-of-concern-wall-street-veteran/20376/

It's no rat, no April fools but the execution is laughable, and I feel ashamed I was excited by this..
- crappy website
- poor communication
- rushed project
- contradictions between partners

I think they had a plan, and due to some complications or maybe triggered exactly by the SEC decisions they tried to push it out in the open to gain the first spot...or something like this..

But till now, everything about it is terrible, and the whole fiasco with "you can buy"/ "no you can't" at Starbucks is making me think this is more like a test run for something else.
At this point, probably only God knows what's really behind it since even the guys behind it have no clue.

Try this one:
http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/

"If the Bakkt blueprint works as planned, a panoply of new Bitcoin funds would tap the pent-up demand for the cryptocurrency, making it a safe and easy choice for everyday investors—notably millennials getting their first 401(k)s. Wall Street could then tap Bitcoin’s popularity as an alternative to stocks and bonds to generate giant trading volumes. And that flood of institutional buying and selling, in turn, would take the terror out of Bitcoin by smoothing its wild swings in price."

This sounds to me like an attempt to tame bitcoin. For better or worse, we are yet to see. It seems a bit concerning to me however because it looks like a grab for mainstream attention. Strange that we haven't seen any market reaction to it at all.

Lately market is so crashed and anarchic that no news has an effect.
I can`t imagine what worse situation market can get in, no drug can cure such bloody atmosphere.
So, don`t be surprised that just ideas have no effect on price.. While ready products do not have significant effect,.

[kulsuma]

That's a great news! That is just another example of how Bitcoin is becoming the main trend. We know one positive news brings more positivity, this news will also bring more positivity in the world of not only Bitcoin but also cryptocurrency. This will help people have positive thoughts about Bitcoin and cryptocurrency, and will help accelerate the growth rate of this community.

[shadyrifles]

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." 

Launching a bitcoin market is the major step forward that actually represents bringing regulated and connected infrastructure together with consumer and institutional applications. The Founder, Chairman, and CEO of Intercontinental exchange claim they aim to build the confidence in the asset class on a global scale with consistency and track record of bringing transparency and trust to unregulated markets.

[oo666oo]

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." 

It is strange that in the weeks following such a news the market has taken such a bad hit and tanked so much. Unless of course this is all a manipulation so that the big guys can buy coins cheaper.

[kotajikikox]

Glad to heard  and so exciting this good news for all bitcoin ethusiasm, hope this launching of new york biggest stiock exchange can help for bitcoiin increase their price value in the coinmarketcap.

[neilshetty]

So far this looks good as this will not try to dominate the current market policy. So BTC is expanding its wings and hope to succeed. The great news is that it guarantees liquidity and market volatility.

[BigSamson5]

I am very eager to see the bitcoin market after launch.  It will definitely hit the market again.

[Tatsuyashiba]

wow this is good news in the future, because besides making crypto will be better known by the wider community this will also make crypto more liquid where this will have an impact on big investors who start thinking crypto as an investment instrument or trading instrument, and I hope that in the future will affect the price of crypto in the future, which recently dropped dramatically