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NYSE Parent Launches Digital Currency Exchange

Updated: Aug 13, 2018

By Kevin Dugan August 4, 2018


Bitcoin is coming to the Big Board — sort of.


The parent company of the New York Stock Exchange is pushing for digital currencies to reach the investing mainstream through a new marketplace backed by some of Wall Street’s biggest investors.


The InterContinental Exchange said Friday it had formed Bakkt, a new exchange-like company for investors to trade bitcoin and other digital assets.


The company, led by Kelly Loeffler, the wife of ICE Chief Executive Jeff Sprecher, plans to start trading bitcoin futures in November via its app, it said.


Bakkt has partnered with Starbucks, which hopes the seamless bitcoin app will easily convert the digital asset to dollars — that can be used to buy its products.


Like leaders of other cryptocurrency firms, Loeffler has a lofty goal for Bakkt — nothing less than replacing credit cards with her bitcoin app.


Bakkt’s investors are “expected” to include Microsoft’s venture capital arm, Fortress Investment Group, and Michael Novogratz’s Galaxy Digital.


Compiled by Edward Dovner • 2018 AboutEdwardDovner.comOriginal Post

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© 2018 Compiled by EDWARD DOVNER.

Edward Dovner is a serial entrepreneur who has proven himself to be successful. From Northeast Gourmet Coffee to portable fitness to cryptocurrency, Eddie Dovner has over 30 years of experience in finance and business. Now Edward shares the best digital currency news on the internet with YOU!