Reuter’s news service has launched a cryptocurrency real-time data feed in conjunction with two of the worlds largest exchanges according to an announcement on their website.
Reuters to Provide Real-time Data on Cryptocurrency
Thomas Reuters posted a press release on their website to announce their real time virtual currency data feed the news service has dubbed Cryptocurrency Real Time Rates. The product provides real-time information across six currencies gleaned from major exchanges, including bitFlyer and BITpoint, in the cryptocurrency market.
According to the findings of Reuters own survey, 20% of the financial institutes they questioned indicated they will begin trading in cryptocurrencies in the coming year. The launch of the new service is a reaction to the expanding mainstream interest in trading cryptocurrency and Reuter’s commitment to the nascent space according to the press release.
The Reuters announcement comes only hours after the CME Group made their own press release announcing their partnership with cryptocurrency exchange Crypto Facilities to generate a daily price benchmark for Ethereum.
Michael Go, Head of FX Market Development – Asia Pacific at Thomson Reuters commented on the new product, saying;
“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.”
Reuters Partners With Japanese Cryptocurrency Exchanges
The press release also includes this quote from CEO and co-founder of bitFlyer, one of the participating exchanges, Yuzo Kano who 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.”
The move and comments like Mr. Go’s have given rise to rumors that Reuters is testing the crypto waters for a move to include digital assets to its own trading platforms. Thomas Reuters has been a leading source of news and information operating in 100 countries for over 100 years
Image from Shutterstock