Thomson Reuters is launching a cryptocurrency real-time rates data feed. The new service is expected to provide “reliable, real-time information” for six digital coins across major crypto exchanges. The stated goal is to encourage efficiency and transparency for cryptocurrency investors within the global market place.
Also read: Thomson Reuters and Marketpsych Launch Bitcoin Sentiment Index
Six Cryptocurrencies Will Be Tracked
The new Cryptocurrency Real Time Rates are already accessible through a customized API interface on Thomson Reuters Eikon platform. The application is providing trading data from various crypto exchanges including Bitflyer and Bitpoint. More trading platforms will be added in the future, according to a Reuters report.
The announcement comes after a recent Thomson Reuters survey found that cryptocurrency trading by financial firms is likely increase this year. About 20% of 400 finance companies participating in the study are considering entering trading crypto assets within 12 months. That means that one in every five of the undisclosed businesses plans to establish direct contact with cryptocurrencies in 2018.
Pricing data for the real-time rates will cover six cryptocurrencies, not mentioned in the report. The launch of the service could be interpreted as an indication that Reuters is considering embracing the digital asset class on its own trading platforms. In December, the mass media and information giant added bitcoin cash (BCH) to Eikon. BCH became only the third cryptocurrency to list on the platform after bitcoin core (BTC) and ethereum.
The latest release comes after an announcement from CME Group which is launching a daily price benchmark for Ethereum, as reported by Finance Magnates. The service will be provided in partnership with the cryptocurrency trading platform Crypto Facilities.
Earlier
