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Crypto

Avalanche in the Running to Power NYSE's 24/7 Trading Platform

Guavy AI Editorial Team
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AVAX
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Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is considering Avalanche as the blockchain infrastructure for its planned 24/7 on-chain trading platform.

In a statement, Michael Blaugrund, ICE's Vice President of Strategic Initiatives, said that after evaluating different platforms, 'Avalanche checks a lot of those boxes for us, so we're very engaged with the team.'

The planned alternative trading system (ATS) aims to allow tokenized stocks and ETFs to trade around the clock with on-chain settlement and stablecoin-based transactions.

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