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Bakkt's Parent Company ICE Offers to Buy eBay
Bakkt's Parent Company ICE Offers to Buy eBay

Could We See Bitcoin Payments On eBay as a Result?

 

As previously reported by the Wall Street Journal, the owner of the New York Stock Exchange and Bakkt which offers Bitcoin futures and options, has made an offer to purchase eBay. Intercontinental Exchange inc., known as ICE has shown interest in purchasing eBay, the world's largest online auction website.

 

ICE & eBay

While ICE has been expanding Bakkt recently by launching cash settled Bitcoin Options and Futures in recent months it appears that things have not been going smoothly. The Block has reported that they have been having very low trading volume. This might be one of the many reasons ICE is trying to expand elsewhere.

ICE has offered eBay $30 billion in a bid to take over the online marketplace. The offer is $2 billion dollars above eBay's evaluation, which stands at $28 billion.

Despite floating the offer, there are no formal acquisition discussions between the two giants. Additionally, there is no guarantee that eBay will take ICE's offer.  

If the deal goes through, we could possibly see Bitcoin as a payment option on the platform in the future.

Many big cryptocurrency influencers have made not of the proposal, including Anthony "Pomp" Pompliano. He noted "This is the same company that realized the importance of Bitcoin enough to start Bakkt. Would be incredible to combine NYSE, Bakkt, & eBay under one roof".

Should ICE's offer to purchase eBay come to fruition, it could be a massive boost for the exchange giant.

 

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Written by Jonathan Ganor

Writer & cryptocurrency aficionado

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