❄️ ICE chief says the crypto bear market has been helpful for Bakkt by lowering pressure to launch the Bitcoin futures

In a Q1 2019 earnings call, Intercontinental Exchange's CEO Jeffrey Sprecher says the crypto bear market has been helpful for Bakkt due to lower pressure to launch the Bitcoin ($BTC) futures exchange and for acquiring other firms. Bakkt's application has been held up by the CFTC and is now on an indefinite delay. Sprecher says the crypto winter has lowered other firms valuations, allowing Bakkt to scoop them up like Digital Asset Custody Company (DACC) prior this week.