CryptoCompare, a global aggregator of cryptocurrency market data, has entered into a strategic partnership with Thomson Reuters, a provider of news and information for professional markets. Under the agreement between the companies, CryptoCompare will integrate orders and trading data for up to 50 coins from different exchanges into the Thomson Reuters Eikon financial platform, thereby helping institutional investors gain a better understanding of the overall cryptocurrency asset market.
The Eikon Platform is a solution for using real-time and historical data to enable transactions in financial markets and interaction with the financial markets community. News, analytics and data visualizations help its users make trading and investment decisions across asset classes and instruments, including commodities, derivatives, equities, fixed income and foreign exchange. Eikon is an open platform that is customizable to the individual needs of a financial professional or institution.
The integration of CryptoCompare data into the Eikon platform will allow traders and investors to gain a comprehensive overview of the cryptocurrency market and the behavior of market participants, allowing them to predict price movements with a “high degree of probability.” Eikon users will be able to see data on actively traded coins, identify specific buying and selling opportunities, add to their digital asset portfolios, and make profitable investment decisions.
CryptoCompare provides market and pricing data for over 5,000 coins and over 200,000 currency pairs. Providing reliable, accurate and clean data, CryptoCompare adheres to strict data integrity protection standards, filtering data sources to ensure consistency and confidence in the market. By combining and analyzing quote data from established exchanges and integrating different cryptocurrency price data sets, CryptoCompare provides a complete market overview and fundamental value matrix, including cryptocurrency trading data, order data, block explorer data and social data.
According to .hedgeweek.com
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