Reuters Uses CryptoCompare For Data Of 50 Crypto Assets
Thomson Reuters has entered into a strategic partnership with CryptoCompare, the global cryptocurrency market data aggregator.
Under this agreement, CryptoCompare will integrate order book and trade data for 50 crypto coins that will be sourced from a variety of cryptocurrency exchanges. This will be done in Reuters’ financial desktop platform Eikon and will provide institutional investors with reliable insight into the crypto market as a whole.
Eikon is a powerful, open platform that can be customized to the individual needs of a financial professional or institution. Its news, analytics and data visualization tools enable users to make more thoughtful investment and financial decisions. Adding CryptoCompare’s data to this platform will allow the investors to get a comprehensive view of the cryptocurrency market and therefore make decisions that will be profitable for them. It will also enable them to predict prices with a higher degree of probability.
Eikon users will have access to data of actively trading coins and therefore allowing them to identify the specific buy and sell opportunities and expand their digital asset portfolio.
Charles Hayter, CEO and Founder of CryptoCompare, said
As the digital asset markets mature, we see a fast-growing demand from the institutional investor community for comprehensive, real-time and global market data, which can be trusted as the basis for investment decisions. We are excited to enter into this partnership with Thomson Reuters; we have always sought to provide transparency to this market and 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.
Sam Chadwick, Director of Strategy in Innovation and Blockchain at Thomson Reuters also talked about the partnership. Chadwick said,
Despite the decline in the price of many of the leading cryptocurrencies during 2018, we continue to see increasing demand from our customers for pricing coverage of the major names. We have been engaged with CryptoCompare since their involvement in our blockchain hackathon in September 2016, and continue to be very impressed by their approach to coverage of these challenging markets. This partnership puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive trading view in Eikon.
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