The operators of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has decided to start a partnership with Blockstream in order to launch a new product for crypto investors. This new product will be called Cryptocurrency Data Feed and will be used by ICE Data Services.
According to the original announcement made by the company, ICE’s product will enable the traders to see real-time and historical data for over 60 major cryptcurrencies which are faring well in the market now.
Blockstream, which will also use the product, has named it Crypto Feed V3 and it has affirmed that the service now checks over 400 cryptos trading pairs across more than 30 different venues.
The idea is that crypto investors from all over the world will be able to monitor the data from the markets in a very comprehensive way, which could make trading cryptos easier.
Our enhanced crypto data feed now offers greater transparency: streaming real-time data for 400+ fiat and crypto currency pairs + new venues & full Level 2 data. @Blockstreamhttps://t.co/4hNVe3WElw pic.twitter.com/AmJdWP1L36
— ICE Data Services (@ICEDataServices) January 24, 2019
Cryptocurrency Data Feed would include the markets with information like price discovery, an overview of the market and in-depth information about anything that could interest the investors. With this kind of insight, the investors could use the information in clever ways to bet on the best markets at the time.
Intercontinental Exchange has also used the Secure Financial Transaction Infrastructure to the program, which is set to eliminate the downtime and to notificate the users whenever they need it.
About the Intercontinental Exchange
The company was founded in the United States in 2000 and it operates a total of 23 exchanges all over the world, including the most known one, the New York Stock Exchange.
This makes ICE of the most important financial companies in the world and a very big player. In fact, the company is set to launch Bakkt, a crypto exchange, soon, and will enter the crypto market to explore this niche too. Bakkt was announced in August 2018 and it set to become one of the most relevant exchanges in the crypto market.
However, the launch of the platform was delayed because of the Commodity Futures Trading Commission (CFTC), which asked for more time in order to approve the initiative.
Bakkt is currently hiring qualified personnel in order to fill in a number of positions in the company. Directors and developers are currently being needed.