Intercontinental Exchange Inc (ICE (NYSE:ICE)) purportedly took advantage of the “crypto winter” to purchase crypto assets at a discount for its institutional cryptocurrency trading platform Bakkt, Reuters reported on May 2.
ICE’s chief executive officer Jeffrey Sprecher reportedly told Reuters that “It’s really been helpful that the cryptocurrency industry sort of went into what they call a winter.” 2018 was a bear year for digital currencies; in mid-November crypto markets suffered sharp double-digit losses, bringing bitcoin (BTC) below $5,600 for the first time that year.
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