On January 24, ICE Data Services tweet confirmed that the Intercontinental Exchange has joined hands with Blockstream (one of the significant global blockchain firms) in order to launch its Cryptocurrency Data Feed product. The Intercontinental Exchange was founded in the year 2000 in the United States. It is a global company which owns exchanges for financial commodity markets and runs a total of 23 global exchanges, including the New York Stock Exchange (NYSE).
The announcement suggests that the company’s new crypto data service facilitates real-time and historical data for over 60 cryptocurrencies globally from exchanges and major trading markets. On Twitter, Blockstream has introduced the product as ‘Crypto Feed V3’, and it claims that this amended service includes over 30 venues across over 400 crypto and fiat trading pairs.
The company stated that this new partnership intends to enable investors globally with a comprehensive tool in order to check data for cryptocurrencies which are active and widely traded. The Cryptocurrency Data Feed has a lot of crypto market monitoring services like price discovery, historical data as well as full depth market by venue insight and price. It also depicts the volume of weighted average price. ICE’s Secure Financial Transaction Infrastructure backs this new service which essentially is for eliminating downtime for investors and in a case of emergency, it allows immediate notifications.
Previously in August 2018, ICE came out to let us know of its plans of launching Bakkt (regulated and a global ecosystem for digital assets). On December 31, 2018, it was reported that ICE had released an update concerning the launch timeline for Bakkt after extensively discussing it with CFTC (Commodity Futures Trading Commission).
It was announced recently that Bakkt is hiring for a lot of key positions at the company and are also looking for developers at the director and senior levels. In January, Bakkt acquired certain assets in futures commission merchant – Rosenthal Collins Group.