The stated goal is to provide efficiency and clarity for investors within the world trading field. The new Cryptocurrency Real Time Rates are already available over a customized API interface on Thomson Reuters Eikon platform. The app is displaying a trading data from different crypto exchanges including Bitflyer and Bitpoint. Reuters affirms that more trading platforms would be added in the future.
The announcement comes after a recent Thomson Reuters survey stated that crypto trading by financial firms is likely grow this year. Over 20% of 400 finance firms taking part in the study are deciding about the entering trading crypto assets within 1 year. That means that one in every five of the undisclosed businesses plans to set direct contact with cryptocurrencies in 2018.
Pricing data for the real-time rates will be stated for six cryptocurrencies, which were not mentioned in the report. The start of the service could reveal that Reuters is thinking about the entering the digital asset class on its own market platforms. In December of 2017, the mass media 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 follows the announcement from CME Group which is running a daily price benchmark for Ethereum, according to Financial Magnets. The service will be given in partnership with the platform Crypto Facilities. Earlier this year, Thomson Reuters Corp. declared about the launch of a new version of the Marketpsych Indices sentiment data feed, which uses analysis of bitcoin market sentiment.