Thomson Reuters, the world’s leading news and information service for professional markets, has announced a partnership with CryptoCompare – the global cryptocurrency market data aggregator – to provide data for its Eikon financial platform.
Under the new agreement, CryptoCompare will integrate order book and trade data for 50 crypto-assets, sourced from a wide variety of trusted exchanges, into the Eikon desktop platform – a customisable tool that helps users trade and invest efficiently through providing real-time and historical market data.
With CryptoCompare providing accurate, high-quality and reliable market pricing and data on over 5,000 coins and tokens and over 200,000 currency pairs as well as cryptocurrency trade data, order book data, block explorer data and social data, the new agreement will help Eikon users gain both detailed insights into market price movements as well as a comprehensive overview of the market.
Charles Hayter, CEO and founder of CryptoCompare, described how the new partnership will provide market transparency and help 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. 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, explained how increasing demand has prompted the company to look for reliable crypto data:
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.