Thomson Reuters, Canadian mass media and information company, has announced a crypto asset data partnership with cryptocurrency tracking resource CryptoCompare, according to a July 31 press release.
CryptoCompare will now provide order book and trade data on 50 cryptocurrencies for Reuters’ financial desktop platform Eikon, which is aimed at institutional investors.
Reuters had already been engaged with cryptocurrency monitoring through a separate deal with MarketPsych Data, which has provided the data for tracking 100 cryptocurrencies in Reuters’ sentiment data pool since June.
Charles Hayter, the founder and CEO of CryptoCompare, stated in the press release that as the markets mature, they’ve seen rising interest from institutional investors:
“As the digital asset markets mature, we see a fast-growing demand from the institutional investor community for comprehensive, real-time and global market data, which can be trusted as the basis for investment decisions.”
According to the press release, the Reuters data will come from a “wide variety of trusted exchanges,” without specifying a commencement timeframe.