ICE CEO: Crypto Winter is Helpful for Bakkt’s BTC Futures Launch

May 3 (ChainDD) At the earnings call of the first quarter, Jeffrey Sprecher, CEO of New York Stock Exchange (NYSE)’s parent Intercontinental Exchange (ICE), said the current cryptocurrency bear market, so-called “winter” by the industry, is “really been helpful”, because it relived some of pressure for launch timetable of Bakkt, ICE’s digital asset platform.

Another “winter”’s benefit Sprecher pointed out is it makes Bakkt’s acquisition of some valuable crypto startups easier. For instance, a company Bakkt took over earlier this week wouldn’t have been available for Bakkt if the market is heated. In that case, the companies’ valuations were too high to bear.

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