X

1221 Views

Reuters Announces Cryptocurrency Tracker And New Partnerships

Spread the love
  • 1
    Share

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.

1 Shares

You may be interested

Spain May Soon Require Investors to Reveal Their Crypto Holdings
News
162 views
News
162 views

Spain May Soon Require Investors to Reveal Their Crypto Holdings

Solomon Magawi - October 23, 2018

As Bloomberg reported recently, the Spanish government proposed a controversial bill that would require cryptocurrency investors to disclose their holdings.…

The US Government Seized Over $700,000 Worth of Cryptos from a Dark Web Drug Dealer
News
205 views
News
205 views

The US Government Seized Over $700,000 Worth of Cryptos from a Dark Web Drug Dealer

Joshua Tayo - October 23, 2018

Oxymonster, a dark web drug dealer who specialize in the sales of Grade drugs has been sentenced to 20-year in…

Cold Wallet vs Hot Wallet: What’s The Difference?
Learn
1064 views
Learn
1064 views

Cold Wallet vs Hot Wallet: What’s The Difference?

Anca Faget - October 23, 2018

Wallets are software programs and devices which store the private and public keys of Bitcoins and other cryptocurrencies. There are…