Published on July 31st, 2018 | by bitcoin0
Thomas Reuters Partners must monitor 50 Crypto assets with CryptoCompare
Canadian mass media and information company Thomson Reuters has announced a crypto asset data partnership with cryptocurrency tracking resource CryptoCompare, according to a July 31 press release.
As the press release explains, CryptoCompare will now provide order book and trade data on 50 cryptocurrencies for Reuters’ financial desktop platform Eikon, which is aimed at institutional investors.
The moves come at a time when institutional integration of such assets remains a major talking point, with various commentators eyeing increasing acceptance to occur this year.
CryptoCompare founder and CEO Charles Hayter stated in the press release that as the markets mature, they’ve seen rising interest from institutional investors: “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.” According to the release, the Reuters data will come from a “wide variety of trusted exchanges,” without specifying a commencement timeframe.
In March, Reuters had also launched a Bitcoin (BTC) sentiment data feed to its MarketPsych Indices (TRMI), getting data by scanning more than 400 news and media sites related to cryptocurrencies.