Bloomberg is reporting that Intercontinental Exchange Inc. has announced that they have created a new company that is going to launch one-day physically-delivered Bitcoin futures in November and that they want to offer merchant and consumer applications.
Article URL: https://www.bloomberg.com/news/articles/2018-08-03/nyse-owner-announces-bitcoin-venture-with-starbucks-microsoft
Press release from ICE: https://ir.theice.com/press/press-releases/all-categories/2018/08-03-2018-133022149
From Bloomberg's article:
> One of the world’s biggest exchanges is finally diving into Bitcoin, teaming up with Starbucks Corp. and Microsoft Corp. and announcing a futures contract on the cryptocurrency. > > Intercontinental Exchange Inc., which owns some of the biggest futures markets as well as the New York Stock Exchange, said it’s creating a new company called Bakkt that aims to “create an open and regulated, global ecosystem for digital assets,” according to a statement Friday. > > The venture hopes to introduce a one-day futures contract in November that differs from derivatives already offered by U.S. competitors CME Group Inc. and Cboe Global Markets Inc. because it’s physically delivered, meaning owners of the contract will get Bitcoin, not cash, upon expiration.
Fortune is also reporting on this with a long-form article: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/
