ICE, the Parent Company of Bakkt, Announces Only 58 Crypto They Look to List

The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) and upcoming digital asset platform, Bakkt has released a list of crypto projects they are looking to list and track on a Twitter post.

Per the tweet, ICE’s Data Services will be researching and tracking a total of 58 cryptocurrency projects as well as 19 fiat currencies. These projects are compiled in their ‘Cryptocurrency Data Feed’, which will provide the research team with both historical and real-time price data of the cryptocurrencies from all over the world.

Notable Cryptocurrencies Included in the List

There are over 2000 cryptocurrency projects in the space and ICE has selected just 2.75% of the total number of cryptos to research and track. The entire list of 58 cryptocurrencies can be found in the Twitter thread seen above and the real-time analysis of these cryptos will be available on the data feeds official website.

Included in ICE’s list of cryptos are 5 stablecoins being Paxos (PAX), USD coin (USDC), TUSD (TUSD), Tether (USDT), and Gemini Dollar (GUSD).

However, the stablecoins ICE did decide to add to their list are among the most popular stablecoins in the market.

As for high market cap cryptocurrencies (top 20 coins on CoinMarketCap), 17 coins made the list.

Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV),  Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Monero (XMR), NEM (NEM), Ripple (XRP), Stellar (XLM), and NEO (NEO), EOS (EOS), Tron (TRX), IOTA (MIOTA), Ontology (ONT), Dash (DASH), Ethereum Classic (ETC).

Apart from the popular high market cap cryptos, ICE’s list includes 41 other potentially valuable projects. These remaining coins include mostly medium-cap coins with some lesser known small-cap coins.

As for exchange-related tokens, Huobi Token (HT) was added to the list while the ultra-popular Binance Coin (BNB) was not.

The Highly Anticipated Launch of Bakkt

The Bakkt digital assets platform by ICE will be one of the first institutionally backed cryptocurrency trading platforms. The platform is said to bring in a wave of institutional investors and is speculated to be the catalyst that leads the crypto markets into the next bull run.

As well, Bakkt will be the first exchange to launch physically settled Bitcoin futures, whereas institutional investors have only previously been able to trade futures contracts. Now with the surprise announcement that ICE is looking to research and list 58 different cryptocurrencies, the Bakkt platform is even more highly anticipated.

As previously reported by IIB, the Bakkt exchange was expected to launch in late 2018 but has since been pushed back a couple of times and is now set to launch in late 2019.

What do you think about the 58 cryptocurrencies ICE Data Services chose to research and potentially list on the Bakkt digital assets platform? Which coins do you think should be added to the list? Let us know what you think in the comment section below.