According to an announcement on the Reuters website, the news agency has set up a cryptocurrency data feed in aggregation with two of the biggest exchanges in the world.
Real-time Crypto Data Feed
Thomson Reuters announced on their website the launch of their real-time crypto data feed which the service has called Cryptocurrency Real Time Rates. The product offers real-time news and information about six currencies collected from major exchanges such as bitFlyer and BITpoint.
According to the results of a survey held by Reuters, 20% of the questioned financial institutes hinted that they will get involved with trading in cryptocurrencies in the year to come. The launch of the new feed is a result of the increase in mainstream awareness in cryptocurrency trading and Reuter’s dedication to the emerging space.
The announcement was made just a few hours apart from the CME’s own press release, which announced their partnership with crypto exchange Crypto Facilities to make a daily price benchmark for Ethereum.
Head of FX Market Development – Asia Pacific at Thomson Reuters, Michael Go had to say about the new product:
“The immense growth in the cryptocurrency market in the last decade highlights the strong momentum around this new technology and tradable asset class. Thomson Reuters Cryptocurrency Real Time Rates enhances our rate offering and helps create a transparent and efficient global marketplace, vital to the future stability of cryptocurrency trading to support the investor.”
Partnerships with Japanese Crypto Exchanges
Yuzo Kano, the CEO and co-founder of bitFlyer, one of the partaking exchanges, stated in the press release the following:
“As the world’s largest Cryptocurrency exchange, bitFlyer has made efforts to facilitate the development of cryptocurrency markets. We are the first company to obtain a license to trade cryptocurrencies in Japan, the US and Europe and we are delighted to be able to provide valuable data to customers worldwide through Thomson Reuters.”
President, Representative Director at BITPoint, Genki Oda, said about the collaboration:
“Through Thomson Reuters, a global leader in financial news and data distribution, we are highly honored to deliver our cryptocurrency real-time data to investors worldwide. We are pleased to cooperate with Thomson Reuters in the further enhancement of its services and hope that our data will become a benchmark for the cryptocurrency industry as a global cryptocurrency trading exchange.”
This new development has generated speculations that Reuters is planning on including digital assets on its own trading platforms in the future. Thomson Reuters has been an established news and information provider in 100 countries for more than a century.