BitMEX & CryptoCompare Will Together Build A Real-Time Cryptocurrency Futures Dataset - Report.

BitMEX & CryptoCompare Will Together Build A Real-Time Cryptocurrency Futures Dataset - Report.

2019-06-10 | Robin Williams

BitMEX & CryptoCompare Will Together Build A Real-Time Cryptocurrency Futures Dataset - Report.

In line with a recent press-release, crypto derivatives platform BitMEX along with CryptoCompare will together build a real-time 'cryptocurrency' futures dataset.

The BitMEX cryptocurrency futures dataset is meant for institutional investors, and would be delivered to financial markets supplier Refinitiv via the CryptoCompare contributions channel. This tool can eventually be integrated into the Refinitiv Eikon which is a group of software products for monetary professionals to observe, monitor and analyze financial data.

The product is all set to extend transparency and confidence within the crypto markets and afterward attract larger institutional participation within the digital asset category.

While explaining further on the initiative, BitMEX chief executive officer named ‘Arthur Hayes’ added:

“When it comes to commerce, smart decision-making depends on access to solid knowledge insights. We are pleased to offer a new wealth of data on cryptocurrency futures for institutional investors that may contribute to their overall confidence throughout their decision-making method.”

CryptoCompare at first entered into a partnership with the renowned information company ‘Thomson Reuters’ earlier in July last year to offer order book and trade information on 50 'cryptocurrencies' for the Eikon platform.

At the reporting time, CryptoCompare founder and chief executive officer named ‘Charles Hayter’ expressed that as the markets mature, they'd seen rising interest from institutional investors.

Also in April, Nasdaq 'listed' Brave New Coin’s XRP index to its global data service, having 'added' Brave New Coin’s 'Bitcoin' Liquid Index [BLX] and 'Ethereum' Liquid Index [ELX] earlier in Feb, this year.

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