Wednesday, February 19, 2020

Investors to Access Crypto-Tracking Tool through Blockstream and ICE Partnership

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Adedamola Bada
I'm Damola, a computer engineer from Obafemi Awolowo University. A crypto enthusiast, marketer, and writer who is seeking to achieve career excellence through hard work and positive contribution to the organization that aspires for excellence. Contact me on damolabada@gmail.com

The organization behind the NYSE, the Intercontinental Exchange (ICE), has entered into a significant partnership with Blockstream, a major global blockchain company, to roll out its Cryptocurrency Data Feed product, according to a recent tweet posted by ICE Data Services.

The Intercontinental Exchange was established in the United States in the year 2000 and owns different exchanges for the financial commodity markets and controls 23 global trading platforms of which the New York Stock Exchange (NYSE) is one of them.

“Crypto Feed V3” to Ensure Accurate Market Monitoring

The announcement stated that the new crypto data service from ICE allows historical and real-time data for over 60 cryptocurrencies from top exchanges and trading markets all over the world.

The product was introduced as “Crypto Feed V3” by Blockstream on its Twitter, stating that the updated service has added over 30 venues across more than 400 crypto and trading pairs.

The company revealed that the purpose for the new partnership is to make available a comprehensive tool that will be used by global investors to monitor data for cryptocurrencies that are most active and also widely traded.

Reading the Crypto Market Has Never Been This Easy

The Cryptocurrency Data Feed comes fully equipped with various features that makes the monitoring of the crypto market easier. It provides services such as historical data, price discovery and full-depth insight into the market by the venue and price. Also, it provides 24 hours per day overview of the market which includes the volume of weighted average price (VWAP), a calculated accumulated volume and more.

The new service also has the backing of ICE’s Secure Financial Transaction Infrastructure (SFTI) tool, which gets rid of downtime for investors and makes it possible for notifications to be immediately sent there is an emergency.

Bakkt Progresses amidst Delays, Advertises Vacancies

In the past, precisely in August 2018, ICE issued a statement which revealed its plans to launch Bakkt, a regulated, worldwide ecosystem for cryptocurrencies.

According to reports released on December 31, 2018, the ICE provided an update to the launch Bakkt. Its launch was previously scheduled to occur on January 24 in agreement with conferring with the Commodity Futures Trading Commission (CFTC).

In recent times, Bakkt has announced various vital positions in need of professionals within the company. The company is seeking to hire developers at senior and director levels. In mid-January, Bakkt purchased certain assets from Rosenthal Collins Group, a futures commission merchant.

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