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ICE, the Parent Company of Bakkt, Announces 58 Crypto They Look to List

The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) and upcoming digital asset platform, Bakkt has released a list of crypto projects they are looking to list and track on a Twitter post. Per the tweet, ICE’s Data Services will be researching and tracking a total of 58 cryptocurrency projects as well as 19 fiat currencies. These projects are compiled in their ‘Cryptocurrency Data Feed’, which will provide the research team with both historical and real-time price data of the cryptocurrencies from all over the world. There are over 2000 cryptocurrency projects in the space and ICE has selected just 2.75% of the total number of cryptos to research and track. The entire list of 58 cryptocurrencies can be found in the Twitter thread seen above and the real-time analysis of these cryptos will be available on the data feeds official website………

Source: ICE, the Parent Company of Bakkt, Announces 58 Crypto They Look to List

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How Bakkt Could Affect the Bitcoin Price Unlike Existing Futures Markets

 

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Existing Bitcoin futures exchanges in the U.S. market such as CME and CBOE are cash-settled, meaning that their contracts are settled with the U.S. dollar and not with Bitcoin.

As such, given the limited supply of CME and CBOE contracts, the effect of the two futures market on the actual price of Bitcoin could be minimal.

Kelly Loeffler, the CEO of Bakkt, said that cash-settled contracts have some benefits but a physically-settled Bitcoin futures contracts are necessary to strengthen the infrastructure supporting the asset.

“It’s great to have cash-settled, but there’s a need for physical delivery,” said Loeffler, emphasizing that the objective of Bakkt is to create a comfortable environment for investors to invest in digital assets.

The physical delivery of Bitcoin guaranteed by the Bakkt Bitcoin futures market will provide investors with crypto asset custody and deliver the asset to every investor in the market. Depending on the demand for the asset and the trading activity on Bakkt’s exchange, the scheduled launch of Bakkt in January could affect the supply of the dominant cryptocurrency and lead to an increase in the Bitcoin price.

 

 

 

 

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