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Bakkt, the highly anticipated digital badet platform operated by Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed February 8th.
This transaction marks the completion of an badet acquisition at commission broker Rosenthal Collins Group (RCG). "With the conclusion today of our transaction with the Rosenthal Collins Group, we welcome new members of the Bakkt team," the statement said. By acquiring some badets of the company, Bakkt said he hoped to:
"RCG's heritage, culture and outstanding expertise will help us build a trusted institutional infrastructure for digital badets."
Bakkt announced the acquisition of badets in RCG in mid-January. As Kelly Loeffler, the company's CEO, explained at the time, the acquisition is slowing down pending the regulatory approval of the Commodity Futures Trading Commission (CFTC) for the launch of regulated trading in the United States. cryptography markets.
Mr. Loeffler also added that the acquisition would expand Bakkt's risk and cash management systems with systems and expertise, and could contribute to Bakkt's anti-money laundering and anti-money laundering policies. your client.
On Thursday, February 7, ICE – the parent company of the New York Stock Exchange and more than 20 other major stock exchanges – had its call for results for the fourth quarter of 2018. Scott Hill, chief financial officer of ICE, said mentioned Bakkt during a one-hour conversation, claiming that the company's investment in digital badet platform "will generate charges of 20 to 25 million dollars based on the first quarter rate of return. " President and CEO Jeff Sprecher called Bakkt a "moonshot bet".
As Cointelegraph had previously reported, ICE first announced Bakkt in August 2018. At the end of December, ICE announced that it would update the launch of the Bakkt Bitcoin Daily Futures (USD) calendar early in 2019, in accordance with the of approval of the CFTC.
More recently, Bakkt has published a list of eight new vacancies at the company, all based in Atlanta and New York.
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