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Thomson Reuters Partners with CryptoCompare for Crypto Expansion to Eikon Platform

Aug 1, 2018, 7:57AM
1 min, 33 sec READ

Thomson Reuters has partnered with CryptoCompare to add order book and trade data for 50 new cryptocurrencies into the Eikon platform.

Thomson Reuters has officially announced a new strategic partnership with CryptoCompare. The agreement calls for the integration of order book and trade data for 50 cryptocurrencies into the Eikon platform. Thomson Reuters is already tracking 100 various cryptocurrencies with this expansion evolving Eikon for a more comprehensive view of the crypto asset market for investors. 

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. The partnership with CryptoCompare puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive view in Eikon. / Sam Chadwick, Director of Strategy in Innovation and Blockchain at Thomson Reuters

Interest in the crypto asset market continues to grow and firms like Thomson Reuters are actively pursuing operations to provide greater consistency and transparency to investing parties. Chadwick also noted that the existing market is heavily "focused on the market space" but the entrance of larger entities is shifting "the scale into the private equity space." Opposite of many companies seeking to further their own crypto assets, Thomson Reuters cites an emphasis on educating investors in these emerging areas.

Development of the Eikon platform should result in increased accuracy and a clearer picture of the entire market. Investors will have a more fine-tuned image of market behavior and act more informatively with their assets. Thomson Reuters will remain among the leaders in providing a comprehensive sight of the crypto asset environment and how investors are responding to various events. With cryptocurrencies being as volatile as they are, investors need to place an emphasis on finding a reliable source for information on the market.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.