NYSE Owner: Bakkt is Our ‘Moonshot’ Bitcoin Bet

NYSE Owner: Bakkt is Our ‘Moonshot’ Bitcoin Bet

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Bitcoin trading platform Bakkt is a “moonshot bet” for Intercontinental Exchange, the parent company of the New York Stock Exchange. That’s the assessment of NYSE chairman Jeff Sprecher, who’s also the CEO of ICE. While its launch has been delayed several times, Sprecher is optimistic that Bakkt will be worth the investment that ICE is making to nurture it. Sprecher made the remarks during a February 8 conference call to discuss ICE’s fourth-quarter earnings. “It’s a bit of a moonshot bet and it’s been organized in a manner that is very different than the way ICE typically does businesses.” “Bakkt has its

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