Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

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Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Intercontinental Exchange (ICE), the parent company of Bakkt and NYSE, announced adding a host of digital currencies to its cryptocurrency data feed. ICE created the “Cryptocurrency Data Feed” in partnership with Blockstream to provide real-time and historical data of digital currency prices from all across the globe. Last week, ICE Data Services tweeted the complete list of the newly included cryptocurrencies.

As per the list provided, ICE’s Data Services will track and research a total of 58 cryptocurrency projects along with 19 fiat currencies.

List Includes Majority of the Top Twenty Cryptocurrencies

In all, there are a total of 2000 cryptocurrency projects in the market. Out of these ICE has selected less than 3% cryptocurrencies for research and tracking. The complete list of 58 tokens is available on the official website of ICE.

The list includes 17 of the top-twenty most-valued digital currencies as per their market cap. This includes Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Bitcoin Cash (BCH), EOS, Tron (TRX), IOTA (MIOTA). Ontology (ONT), Dash (DASH), Ethereum Classic (ETC), Cardano (ADA), Monero (XMR), NEM (NEM), Bitcoin SV (BSV).

In addition to this, ICE has selected another 41 crypto projects which it considers valuable. The 41 projects include a mix of medium-cap coins and some less popular small-cap coins.

Also, ICE’s list includes some of the most popular stablecoins. Four of these include Tether (USDT), Gemini Dollar (GUSD), USD Coin (USDC), and TUSD. Furthermore, all of these stablecoins are the most widely used in the crypto market with their value tied to the U.S. Dollar.

ICE’s list also includes a few exchange-related tokens like the Huobi Token (HT). However, it doesn’t include the recently launched and ultra-popular cryptocurrency Binance Coin (BNC).

ICE’s Launch of Bakkt

The inclusion of new 58 digital assets to ICE’s Crypto Data Feed services will certainly encourage institutional players to participate in the crypto market. With financial giants like ICE showing its interest in crypto assets, institutional players have a bigger incentive here.

Not to forget, ICE is also planning for the launch of Bakkt digital assets, a crypto trading platform for institutional investors. Bakkt is assumed to be the catalyst to drive the next bull run of the crypto market. To ensure institutional participation, Bakkt also plans to launch Bitcoin Futures contracts ahead this year.

Furthermore, Bakkt has also partnered with giants like Microsoft and Starbucks to support crypto adoption. The latter received a significant portion of equity in Bakkt in return for allowing customers to pay with digital assets. This comes as kind of surprise, as just recently Starbucks claimed that you won’t be able to buy Frappuccino using Bitcoin.

Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

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