ICE Chief: Many financial institutions are in talks with us about BakktCEO Intercontinental Exchange (ICE) Bitcoin futures Jeffrey Sprecher announced this Thursday that Bakkt Bitcoin futures platform is in talks with all kinds of financial institutions, including banks and brokers, regarding the distribution of its derivatives.

ICE Head: Many Financial Institutions Negotiate With Us About Bakkt Bitcoin Futures

Intercontinental Exchange (ICE) CEO Jeffrey Sprecher said Thursday that Bakkt's Bitcoin futures platform is in talks with all sorts of financial institutions, including banks and brokers, regarding the distribution of its derivatives..

During a conference call on the company's performance in third quarter, Sprecher answered a question about Bakkt, highlighting ICE expects to capitalize on institutional investor interest in Bitcoin.

“All kinds of financial institutions are negotiating with us and trying to figure out how to use our proposal and how is it world regulators will react. The dialogue is colossal in scale, "he said..

Bakkt intends to enter the bitcoin options space to ensure transparency in pricing, Sprecher said. He argues that the existing Bitcoin options market is active, but very hazy. The Bakkt platform, on the other hand, can act as a source of pricing outside of the unregulated spot market..

"In this way, it is very well suited to the options market and is ideal for hedging the underlying asset, being renowned for its transparency. This prompted us to move to launch options as soon as possible, ”said Sprecher.

Commenting on the pre-launch launch of Bakkt's consumer-facing app to implement payments, he stressed that the decision was due to the conviction that, what bitcoin will become both a store of value and a means of payment.

“We do not believe that the whole space will become relevant and grow without real scenarios of use. And we really believe that digital money transfers through payments will become such an application scenario, ”said CEO of ICE.

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