CryptoCompare to integrate data of 50 cryptocurrencies into Thomson Reuters Eikon

Thomson Reuters, the leading mass media and information firm, has partnered with cryptocurrency market data aggregator CryptoCompare to supply cryptocurrency data for 50 coins into its financial desktop platform Eikon.

Under the agreement, CryptoCompare will integrate order book and trade data for 50 cryptocurrencies, sourced from a number of trusted exchanges, into Eikon – a powerful solution for financial professionals to monitor and analyse real-time and historic data.

With this integration, trading professionals and investors would be able to get a comprehensive view of the cryptocurrencies market, enabling them to predict price movements with a high degree of probability. Eikon users will be able to see data for actively trading coins, allowing them to identify the specific buy and sell opportunities, expand their digital asset portfolios and make profitable investment decisions.

“Despite the decline in the price of many of the leading cryptocurrencies during 2018, we continue to see increasing demand from our customers for pricing coverage of the major names,” Sam Chadwick, Director of Strategy in Innovation and Blockchain at Thomson Reuters, said. “This partnership puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive trading view in Eikon.”

Founded in 2014, CryptoCompare provides real-time and reliable market and pricing data on 5,000+ coins and 200,000+ currency pairs globally. It aggregates and analyses tick data from globally recognised exchanges, and seamlessly integrates different datasets in the cryptocurrency price, providing a comprehensive overview of the market. At a granular level, it produces cryptocurrency trade data, order book data, block explorer data and social data.