Intercontinental Exchange (ICE), the firm behind The New York Stock Exchange (NYSE) is making moves to enhance its operations in the cryptocurrency market through the provision of access to data feeds of the coin market.
Historical and Statistical Data
The company announced this week that it will list a thousand cryptocurrencies on its live data feed, and so provide statistical and historical data of ongoing transactions in the crypto market.
The announcement was made via the company’s Twitter account, which provided details of the upcoming listing.
ICE is also behind the exchange platform Bakkt which has its launch planned at the beginning of this year but was delayed giving another bitcoin futures company CoinFlex an opportunity to enter the market ahead of ICE.
Intercontinental Exchange has played a leading role in the crypto industry spearheading funding rounds in association with other companies like Microsoft’s venture branch, Boston Consulting Group and Pantera Capital. It is also in the process of acquiring Rosenthal Collins Group, a commission merchant.
The ICE cryptocurrency data feed presently support 58 cryptocurrencies like Bitcoin, Ethereum, EOS, Ripple and other top altcoins.
Similar to Stock Exchange
This data feed would be quite similar to a traditional Stock Exchange feed where investors and institutions can find data like historicity and current news about a listed firm.
The ICE is providing a feature that welcomed by many used to a market in dire need of regulation as there was no such tool in the industry. This is a step toward transparency.