Crypto derivatives platform BitMEX
and provider of crypto data CryptoCompare will jointly build a
real-time crypto futures dataset, according to a press release shared
with Cointelegraph on June 10.
The BitMEX cryptocurrency futures dataset is designed for institutional investors, and will be delivered to financial markets
data provider Refinitiv through the CryptoCompare contributions
conduit. The tool will eventually be integrated into the Refinitiv
Eikon, a set of software products for financial professionals to monitor
and analyze financial information.
The product is set to increase
transparency and confidence in the cryptocurrency markets and
subsequently attract greater institutional participation in the digital
asset class. Commenting on the initiative, BitMEX CEO Arthur Hayes said:
“When
it comes to trading, good decision-making depends on access to solid
data insights. We are pleased to deliver a new wealth of data on
cryptocurrency futures for institutional investors that can contribute
to their overall confidence throughout their decision-making process.”
CryptoCompare initially entered
into a partnership with information company Thomson Reuters last July
to provide order book and trade data on 50 cryptocurrencies for the
Eikon platform.
At the time, CryptoCompare founder and CEO Charles
Hayter stated that as the markets mature, they had seen rising interest
from institutional investors.
In April, Nasdaq added Brave New Coin’s XRP Price Index to its global data service, having added Brave New Coin’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) in February.
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