Blockstream’s Liquid Network has already signed up over 23 exchanges, financial institutions, and brokers to use their Liquid Network. 

Blockstream’s Liquid Network

In its current shape, Blockstream’s Liquid Network brings about several benefits to Bitcoin’s scalability. Besides introducing quicker transactions, the Liquid Network also facilitates private transactions.

As such, it masks the amount and the asset type which is broadcasted to the network, meaning that the transacting parties will remain entirely private to all information at all times.

Recently, Blockstream announced that there are 23 exchanges, financial institutions, brokers, and traders, who are using the Liquid Network. These include major exchanges such as BitMex, OKEx, and Bitfinex.

But it seems that interest is only growing stronger.

ICE Partners with Blockstream

The operator of the New York Stock Exchange – the Intercontinental Exchange (ICE), has recently partnered with Blockstream in order to launch a cryptocurrency tracking tool for investors.

Per the announcement, the new data service brought by ICE will allow for real-time and historical data collection for more than 60 different cryptocurrencies from major markets and various exchanges, including the New York Stock Exchange (NYSE) itself.

The product, introduced by Blockstream as Crypto Feed V3,  is claimed to include more than 400 cryptocurrency and fiat trading pair across more than 30 venues.

The intention of the newly formed partnership is to deliver a comprehensive data monitoring tool to investors for the most active, as well as widely transacted cryptocurrencies, according to the company.

Furthermore, the new service is also backed by the Secure Financial Transaction Infrastructure of ICE. It claims to be able to essentially eliminate downtime for investors, as well as to enable immediate notifications if there is an emergency.

What do you think about Blockstream’s rapid growth? Don’t hesitate to let us know in the comments below!

Images courtesy of Shutterstock

 

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