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Cryptocurrency is receiving a shot in the arm with the formation of a new digital platform.

According to Bitcoin Magazine, a new crypto payment system will be introduced to retailers, and cryptocurrency users, for the purpose of buying and selling digital currencies. Intercontinental Exchange introduced Bakkt, a company designed to normalize cryptocurrency trading in order to help fasttrack a globally regulated marketplace for digital assets, such as bitcoin. Thus far, Bakkt has partnered with Microsoft, and received funding from Galaxy Digital, and Horizons Ventures.

It must receive the approval from the U.S. Commodity Futures Trading Commission to begin trading in November this year.