Cryptocurrency Short News

Bakkt Sought Out by ‘All Kinds of Financial Institutions’ says ICE CEO


Jeffrey Sprecher, The CEO of Intercontinental Exchange (ICE) addressed Intercontinental Exchange, Inc. (NYSE: ICE) Q3 2019 Earnings Conference Call on October 31, 2019, 8:30 AM ET. He said Bakkt is in talks with all financial institutions for adopting bitcoin derivatives.

The bitcoin derivatives platform, Bakkt saw a huge jump in the trading volume of its bitcoin futures in Q3 2019. The token is trading around $10.25 million. Bakkt also plans to expand in the consumer payments space. As per Sprecher, the bitcoin derivative platform is growing into the options market. It will be among the first that offers the space transparent price discovery. Overall, Bakkt will see a great boom in the near future and financial institutions want to benefit from it.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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