Canadian media and analytics company Thomson Reuters announced this week that it has partnered with CryptoCompare, a global cryptocurrency market data aggregator, to integrate order book and trade data for the 50 coins on the Thomson Reuters financial desktop platform, Eikon.
Adding our data to the @thomsonreuters Eikon platform will allow trading professionals & investors to gain a comprehensive view of the #cryptocurrencies market and of market participant behaviour https://t.co/t3VJUNBu3N
— CryptoCompare (@CryptoCompare) July 31, 2018
According to the announcement, CryptoCompare’s integration into Eikon will ultimately assist trading professionals and investors to predict price movements with a high degree of probability for a number of coins. Eikon is an open-sourced platform that enables financial institutions to customize their own solutions, and now these firms can gain a comprehensive view of the crypto market.
In a statement accompanying the announcement, Sam Chadwick, Director of Strategy in Innovation and Blockchain at Thomson Reuters, shared how impressed the company has been with CryptoCompare.
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.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.