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Thomson Reuters Team Up With CryptoCompare to Provide Data for 50 Tokens

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In a press release today, Thomson Reuters have revealed a new partnership with crypto data company, CryptoCompare. The partnership will see CryptoCompare prepare order and trading data for 50 trusted tokens, which will then be channelled to investors through Eikon, Reuters’ financial analysis desktop / mobile platform. CryptoCompare’s COO, Charles Hayter, had this to say:

“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.”

Meanwhile, Sam Chadwick, the Director of Strategy in Innovation and Blockchain at Thomson Reuters, explained that this new venture was part of an ongoing partnership with CryptoCompare, that has been built up over two years:

“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. We have been engaged with CryptoCompare since their involvement in our blockchain hackathon in September 2016, and continue to be very impressed by their approach to coverage of these challenging markets. This partnership puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive trading view in Eikon.”

CryptoCompare currently provides data on over 5,000 different coins, as well as trading and order data and even tips and reviews.

Image Credit: Deposit Photos

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