Thomson Reuters associates with a surveillance platform to track 50 cryptocurrencies

The Information and Media Company Thomson Reuters teamed up with the CryptoCompare cryptocurrency platform to track about 50 crypto-takers in the market.

Data will be used to feed Reuters 'Eikon Financial Office platform for institutional investors

According to the official statement, CryptoCompare will incorporate the order and trade data book on the top investors' desk Eikon level and provide its users with a detailed summary of the cryptoactive market

In this way, the data shared between CryptoCompare and Eikon will allow investors to have a global view of the crypto market currency, as well as the behavior of its participants. the document.

"Eikon is an open platform, customizable to the individual needs of a pro or financial institution," said the statement.It provides historical and real-time data, providing an instrument for evaluating markets. to which is added the provision of news, analysis and visualization of data, which help investment decisions of its users have relevant information.

According to the CEO of CryptoCompare, Charles Hayter , The growth and maturation of the crypto-active market generated significant demand particularly from institutional investors, who also needed to know real-world market data in real time. reliable, hence the alliance with Reuters could be a significant step in terms of market reliability.

Investors' incomes Institutions is a relevant issue for the future of cryptocurrencies, says Criptonoticias.

In fact, at the end of May, Bittrex, a foreign exchange company, confirmed an agreement with Signature Bank, so that its clients could participate in the market. Earlier, the renowned investment and management company Wellington Management announced that it would offer investment opportunities in cryptocurrencies, with the inclusion of associated investments. to this niche in some portfolios under their administration. This company has a portfolio of more than $ 1 trillion.