NYSE Operator Announces New Global Digital Assets Platform, Plans Bitcoin Futures Launch
Intercontinental Exchange (ICE), the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE), has announced plans to create a Microsoft cloud-powered “open and regulated, global ecosystem for digital assets,” according to a press release published August 3.
The operator of NYSE is forming a new company, dubbed “Bakkt,” and will work alongside a marquee group of enterprises that includes BCG, Microsoft, Starbucks, and others, to create the new ecosystem.
The intention is to create an integrated platform that enables consumers, merchants, and institutional clients to buy, sell, store, and spend digital assets on a “seamless global network,” the press release notes.
First use cases will be for trading and conversion of Bitcoin (BTC) against fiat currencies, which ICE notes is currently “the most liquid cryptocurrency.” This conversion into fiat will enable consumers to purchase any item at their local Starbucks, in what will be crypto’s debut with the popular chain.
The ecosystem is expected to include “federally regulated markets and warehousing” alongside “merchant and consumer applications”:
Source:
https://cointelegraph.com/news/nyse-operator-announces-new-global-digital-assets-platform-plans-bitcoin-futures-launch