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Sprecher who is a member of <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/New_York_Stock_Exchange/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>the New York Stock Exchange (NYSE)</strong></a>. The creation of ICE was backed by extensive multinational companies such as <strong>Goldman Sachs</strong>, Total, and Deutsche Bank.</p>\n<p>ICE began by offering to <strong>trade in companies</strong> that dealt with energy products such as crude oil, natural gas, and emissions, but its activities quickly expanded. One of ICE's key goals was to <strong>improve trading conditions </strong>by increasing pricing transparency, efficiency, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity/">liquidity, and <strong>lowering expenses</strong>. ICE earned a household name among the trade and financial communities.</p>\n<p>The fact that ICE has taken a strong stance toward acquisitions of other companies and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">exchanges is one of the reasons why it developed so quickly. The International Petroleum Exchange, situated in London, was purchased by ICE in 2001, expanding its reach into <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/British_International_Political_Economy/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>the British (IPE)</strong></strong></a> market. 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Bakkt customers can buy, <strong>sell</strong>, trade, and swap numerous crypto tokens using a specialized <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">digital wallet</strong></a>.&nbsp;</p>\n<p>During the initial investment round, Bakkt was able to collect an outstanding amount of $182.5 million from investors like Boston Consulting Group, Microsoft, and <strong>Pantera Capital</strong>. Bakkt stated in 2021 that, following a successful merger with VPC Impact Acquisition Holdings, it will become a publicly-traded company.</p>","level":"easy","meta_title":"What is Intercontinental Exchange (ICE)? 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/n

Instant settlement network <strong>transactions happen</strong> 24 hours a day, in real-time, on a gross basis, and without any waiting. Each transaction is settled <strong>one at a time</strong>, therefore it is not grouped with other transactions. These transactions are settled instantly if the participants have sufficient funds. Besides, they are final and <strong>irreversible</strong>.</p>\n<p>Instant settlement networks have allowed the smooth movement of digital assets between blockchains, offering a revolutionary alternative to traditional trading systems that rely on unneeded <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-intermediary-middleman/">intermediaries.

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Handbook Cover Page
Crypto Terms: Letter I

What is Insurance Fund?

Insurance Fund MEANING:
Insurance Fund - an exchange fund that covers unexpected leveraged trading losses and protects traders from bankruptcy.
Easy
1 minute

Let's find out Insurance Fund meaning, definition in crypto, what is Insurance Fund, and all other detailed facts.

The insurance fund is especially important for cryptocurrency protocols and derivatives exchanges because it serves as a safeguard against contract loss in leveraged trading. In addition, it ensures that traders wouldn’t go bankrupt in the event of liquidations. Usually, funding for the insurance funds is provided using liquidation penalties and exchange fees.

Each position in leveraged trading has a liquidation and bankruptcy price. If the liquidation price of a position exceeds the bankruptcy price, the trade is closed and liquidated, with the remaining margin often going to the insurance fund. If the liquidation price is lower than the bankruptcy price, the loss is covered by the insurance fund.

In order to ensure the exchange's liquidity, exchange operators and protocol designers must carefully consider insurance fund health when developing, constructing, and managing a leveraged trading exchange.
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