Intercontinental Stock Exchange (ICE), in a tweet on March 14, stated that it would add a slew of new coins to its Cryptocurrency Data Feed. ICE is the parent company of the New York Stock Exchange (NYSE).
The Cryptocurrency Data Feed was launched in January 2018. It offers real-time digital currency information, including prices and order books. The platform was reportedly established by the partnership of ICE, Bitcoin (BTC), and blockchain technology company Blockstream.
According to the announcement, ICE will extend the list of supported cryptocurrencies to thousands and add hundreds of venues. This move aims to increase transparency in the field.
As of now, the Cryptocurrency data feed is compatible with 58 digital currencies from various data sources, markets, and exchanges worldwide. The service is supported by ICE’s Secure Financial Transaction Infrastructure (SFTI) tool. This tool claims to eliminate investor downtime and notify them immediately if an emergency arises.
ICE said in February that the launch of its cryptocurrency platform Bakkt was scheduled for later in 2019. The project’s infrastructure has attracted a number of high-profile investors and partners, such as Starbucks and Microsoft.
In February, it was also revealed that it had almost completed the details of the first acquisition of assets in futures commission merchant Rosenthal Collins Group. The news of the acquisition was first made public in January this year.
The acquisition is expected to expand Bakkt’s risk management and treasury operations with systems and expertise. It is also likely to contribute to Bakkt’s Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies.