Last week, the CEO of the Intercontinental Exchange (ICE (NYSE:ICE)) said that the firm’s digital asset platform, Bakkt, is expected to launch later in 2019. It is time to look deeper into the project, and see what it can bring to the crypto industry.
What is Bakkt exactly?Bakkt (pronounced “backed,” referring to “asset-backed securities”) is a digital assets platform created by ICE, the Atlanta-based operator of 23 major international exchanges, including the New York Stock Exchange (NYSE), which is by far the world's largest exchange, trading nearly 1.5 billion shares a day.