ICE takes $1.1 billion write off for stake in crypto platform Bakkt
The exchange expects to reduce the carrying value of its investment in Bakkt to $400 million from $1.5 billion earlier this year.
The exchange expects to reduce the carrying value of its investment in Bakkt to $400 million from $1.5 billion earlier this year.
David Clifton replaces Mike Blandina at Bakkt, as he departs after just four months to pursue other opportunities.
Intercontinental Exchange’s cryptocurrency exchange and platform completes first funding round with 12 investors on board.
New digital asset platform and ecosystem business Bakkt due to go live in November, initial focus on Bitcoin trading.