In yet another sign of the mainstreaming of cryptocurrencies, financial data provider Thomson Reuters has partnered with crypto data and analytics company CryptoCompare to provide order book and trade data for 50 cryptocurrencies on the former’s financial desktop platform, Eikon. Charles Hayter, CEO and founder of CryptoCompare, said the partnership would provide transparency to the market.
“This partnership provides a great opportunity for the institutional investor community to access not only our data, but also to benefit from our experience and insight,” he said.
Sam Chadwick, Director of Strategy and Innovation at Reuters said that despite the decline in the price of many of the leading cryptocurrencies during 2018, they continue to see increasing demand from their customers for pricing coverage of the major names.
“The partnership with CryptoCompare puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive, holistic trading view in Eikon,” he said.
He also told Forbes that the integration of cryptocurrency data would help educate and inform other organizations and industries interested in funding cryptocurrencies
The integration of data from CryptoCompare into Reuters’ data feed is a major win for cryptocurrency enthusiasts. In addition to making cryptocurrency data accessible to mainstream and institutional investors, the move will also bring transparency to crypto markets by sourcing it from trusted organizations.
Source Investopedia