Rajashree Rao: NYSE launches Digital Currency Exchange

6/08/2018 - 17:56

Intercontinental Exchange (ICE), Owner of NYSE to launch Bakkt the Federally Regulated Global Platform and Ecosystem for Digital Assets

The ICE founder, Chairman and CEO - Jeffrey C. Sprecher of the trading colossus of 23 regulated exchanges, global marketplaces, operator of 6 central clearinghouses and listing services, announced the formation of the new start-up entity called "Bakkt." Kelly Loeffler, ICE's head of Digital Assets and is the CEO of Bakkt, explains "Bakkt" as a play upon words "backed,' which means "Asset-backed Securities," and is intended to evoke a highly-trusted investment. Jeff believes that Bitcoin could be the 'First WorldWide' currency to see the Wall Street warm up to trading Virtual Currency and has the potential of greatly simplifying the movement of global money.