Intercontinental Stock Exchange Seemingly to Expand Cryptocurrency Data Feed

March 16, 2019
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NYSE’s operator ICE hinted at expanding its Cryptocurrency Data Feed with a thousand new coins.

Intercontinental Stock Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) hinted it was adding a slew of new coins to its Cryptocurrency Data Feed in a tweet on March 14.

Launched in January 2018, the Cryptocurrency Data Feed is a service offering real-time digital currency information, covering prices and order books. The platform was introduced following a partnership between ICE and Bitcoin (BTC) and blockchain technology company Blockstream.

Per the recent announcement, ICE is extending the list of supported cryptocurrencies to thousands, also adding hundreds of venues. With this move, the company is ostensibly planning to increase transparency in the field.

At press time, the Cryptocurrency Data Feed supports 58 digital currencies from various data sources, markets and exchanges around the world. The service is backed by ICE’s Secure Financial Transaction Infrastructure (SFTI) tool, which claims to eliminate downtime for investors and enable immediate notifications in case of an emergency.

In February, ICE said that the launch of its cryptocurrency platform Bakkt is set for later in 2019. The project’s infrastructure has purportedly already attracted a number of high-profile investors and partners, including Starbucks and Microsoft.

That same month, ICE revealed that it had finalized its first acquisition of assets in futures commission merchant Rosenthal Collins Group, which was first announced in mid-January. The acquisition would allegedly expand Bakkt’s risk management and treasury operations with systems and expertise, and might contribute to Bakkt’s Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.

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