Financial data giant, Thomson Reuters said its Eikon platform now tracks prices of six major digital currencies.
The company said its Eikon platform will provide real-time rates for six currencies across major cryptocurrency trading exchanges; encouraging efficiency and transparency within the global market place for cryptocurrency investors.
The new Cryptocurrency Real Time Rates are accessible through a customized API on Thomson Reuters Eikon, providing trading data from various exchanges including bitFlyer and BITPoint with more exchanges to be added over time.
According to the findings of a recent Thomson Reuters Trading Cryptocurrency survey*, Cryptocurrency trading by financial firms could increase in 2018, with approximately 20% of the participants indicating they are considering trading cryptocurrency over the next 3-12 months.
Michael Go, Head of FX Market Development – Asia Pacific at Thomson Reuters, said, “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.”
Yuzo Kano, Chief Executive Officer and co-founder of bitFlyer, said, “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.”
Genki Oda, President, Representative Director at BITPoint Japan, said, “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.”