The new service provided by Thomson Reuters is expected to giveaway real-time data for top six cryptocurrencies with the help of major cryptocurrency exchanges. This launch is a reaction to the growing interest in trading cryptocurrency.
The main aim is to provide more transparency across the global market trends of these six digital coins. The developmental interface on Thomson Reuters Eikon platform provides real-time rates and it is easily accessible through their customized API.
Following up on a recent survey by Reuters, the cryptocurrency trades are expected to gain more dominance by this year. They have presented their press release on their website as an official announcement of the changes. The information will also involve top cryptocurrency exchanges like bitFlyer and BITPoint who ensure secure transactions of these digital currencies.
About 20% of 400 companies dealing with finances are willing to participate in trading crypto assets within the next 12 months. This also means all the undisclosed business firms will have direct control of their trade in Cryptocurrencies. Previously the CME Group announced their partnership with ‘Crypto Facilities’ to generate daily rates for Ethereum as per the reports by Finance Magnets.
Yuzo Kano, the CEO, 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 crypto currencies in Japan, the US and Europe and we are delighted to be able to provide valuable data to customers worldwide through Thomson Reuters.”
This step towards better transparency will definitely bring about a stable ground in the global market. The six cryptocurrencies are yet not mentioned in their report. The cryptocurrency space attracts a variety of people including visionaries, mercenaries, anarchists, and entrepreneurs for their own different reasons.
BITPoint believes that it is important to create a ‘network that will bridge the gap between the two worlds because they believe that digital currencies should be for the many and not just a few’.
Genki Oda, the President and Representative Director of BITPoint Japan said;
“Through Thomson Reuters, a global leader in financial news and data distribution, we are highly honoured 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.”
The post Thomson Reuters launches real-time rates for six cryptocurrencies appeared first on AMBCrypto.