Intercontinental Exchange Chief Is Assertive About Bakkt And Crypto Future

Even though the US government imposed regulatory delays and hurdles, there is still exuberance for crypto Future products such as Bakkt launch.  Recently, the chief executive, Jeffrey Sprecher shed some light on the Bakkt crypto project. The Intercontinental Exchange Chief (ICE) publicized its fourth-quarter earnings which beat some Wall Street predictions.  Seeking Alpha ran a full transcript on the conference call in which he has referred Bakkt as a “Moonshot Bet”.

According to CFO Scott Hill, during 2018, a value of about a billion dollars was spent on strategic investments as well as Bakkt crypto futures project. Adding to this he further elaborated that Bakkt had raised over $180 million. The ICE and 12 other investors, partners including Fortress Investment Group and Susquehanna International Group helped to raise $180 Million. He further elaborated that

as we look to 2019 and beyond we’re excited about the opportunities that lie ahead, not only for our core…

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2019-02-11 12:51:23

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