New-York based Vela, a leading provider of trading and market data technology, will join up with CoinMarketCap, according to the CoinMarketCap blog today (22nd August 2018). CoinMarketCap is widely believed to be the most used, accurate source of crypto data on the web, and it will now provide its data to Vela, who will in turn list crypto information on its new SuperFeed.
The data from CoinMarketCap will be integrated into the new feed, so that crypto data can be seen directly alongside mainstream market data. CoinMarketCap currently provides comprehensive, up-to-the-minute data on over 1800 cryptocurrencies. Vela CEO Jen Nayer said:
We are very excited to be partnering with CoinMarketCap to provide our institutional clients with enterprise-grade access to the leading, independent source of cryptocurrency data. With crypto being one of the biggest disruptors in our space today, this agreement fortifies Vela’s entry into this innovative digital currency sector. We look forward to working with CoinMarketCap to deliver their world-leading cryptocurrency data to our institutional audience.
Meanwhile, CoinMarketCap founder Brandon Chez, commented:
With our goal to remain the most trusted and accurate source of data for the cryptocurrency community, we are pleased to be partnering with Vela, a well-respected and independent technology leader in trading and market access. Together, we are able to extend our reach to major banks, broker-dealers, and institutional firms so that they can access our information directly.
CoinMarketCap recently launched a new paid-for API, which focused on providing differentiated data to developers. Subscription options go up to just under $700 per month, and provide differing levels of analytical data, with the highest level of subscription providing five years of backdated financial data. This, coupled with the new venture with Vela, have seen massive growth for CoinMarketCap this year, with a reported 60 million unique visits to the site within the first two quarters of 2018 alone.
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