CryptoCompare To Provide Crypto Data To Thomson Reuters’ Eikon Platformbr>
Founded in 2014 in London, CryptoCompare provides real-time, high-quality and reliable market and pricing data on 5,000+ coins and 200,000+ currency pairs globally, bridging the gap between the crypto asset and traditional financial markets. In addition to monitoring raw market data, CryptoCompare produces a plethora of analytical articles, such as toplists of cryptocurrencies and businesses, guides, and reviews. Being a social platform, the website also allows its visitors to engage and contribute to the conversation.
Thomson Reuters, a multinational mass media and information firm, was created by the Thomson Corporation’s purchase of the British company Reuters Group in April 2008, and is majority owned by The Woodbridge Company, a holding company for the Thomson family. The firm’s financial desktop platform, Eikon, is a intuitive next-generation solution for consuming real-time and historical data, enabling financial markets transactions and connecting with the financial markets community.
Under the partnership, CryptoCompare will integrate order book and trade data for 50 cryptocurrencies, sourced from a wide variety of trusted exchanges, into the Eikon platform to provide institutional investors with reliable insight into the crypto asset market as a whole. The integration will allow trading professionals and investors to gain a comprehensive view of the cryptocurrencies market and of market participant behaviour, enabling them to predict price movements with a high degree of probability.
Charles Hayter, CEO and Founder of CryptoCompare, said that this partnership provides a great opportunity for the institutional investor community to access not only their data, but also to benefit from their experience and insight.
“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,” said Hayter. “We are excited to enter into this partnership with Thomson Reuters; we have always sought to provide transparency to this market.”
Sam Chadwick, Director of Strategy in Innovation and Blockchain at Thomson 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.
“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,” said Chadwick. “This partnership puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive trading view in Eikon.”
Last month, the media giant created a dedicated TRMI Cryptocurrency Sentiment package (TRMI 3.1), which yields 43 themes and sentiments on the top 100 cryptocurrencies. TRMI 3.1 comes with visualization tools and a suite of quantitative research results to help investors identify influential themes and more rapidly develop actionable strategies.