Intercontinental Exchange Inc., the owner of some of the largest futures markets and the New York Stock Exchange, wants to build a global platform for Bitcoin trading.
Named Bakkt, Intercontinental Exchange Inc.’s latest venture will aim to provide “an open and regulated, global ecosystem for digital assets”, according to its statement on Friday. The venture plans to start offering one-day futures contract in November, which will give bitcoins (versus cash) to contract holders upon the contract’s expiration.
The company will team up with Starbucks and Microsoft, in addition to several venture capital/investment firms, for setting up this platform.