Thomas Reuter to Launch Crypto Tracking Platform

The site will allow to carry out operations in financial markets using data (news, analytics and visualization tools) in real time
31 July 2018   878

The information portal CryptoCompare integrates data on the trading of 50 cryptocurrencies into the financial platform Eikon, developed by Thomson Reuters.

The press release says that Eikon is the next generation solution. The site will allow to carry out operations in financial markets using data (news, analytics and visualization tools) in real time.

As the digital asset markets mature, we see a fast-growing demand from the institutional investor community for comprehensive, real-time and global market data, which can be trusted as the basis for investment decisions. We are excited to enter into this partnership with Thomson Reuters; we have always sought to provide transparency to this market and this partnership provides a great opportunity for the institutional investor community to access not only our data, but also to benefit from our experience and insight.
 

Charles Hayter

CEO and Founder, CryptoCompare

CryptoCompare will provide information collected from "reliable crypto exchanges".

Eikon will also allow professional traders to use data to determine the most promising entry and exit points, expand their investment portfolios and make profitable decisions.

In June, the media company announced plans to expand the crypto-currency feed with data on hundreds of tokens and track online more than 2 thousand global sources and 800 social networks.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   211

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.