Crypto derivatives platform BitMEX and vendor of crypto statistics CryptoCompare will together develop a real-time crypto futures dataset, as outlined by a press release shared with Cointelegraph on June 10.
The BitMEX cryptocurrency futures dataset is meant for institutional traders and will be shipped to financial markets data provider Refinitiv by means of the CryptoCompare contributions conduit. The device will eventually be integrated into the Refinitiv Eikon, a set of software packages for financial professionals to monitor and also analyze financial information.
The product is set to enhance transparency and confidence in the cryptocurrency markets and subsequently attract greater institutional participation in the digital asset class. Commenting on the initiative, BitMEX CEO Arthur Hayes stated :
“When it comes to trading, great decision-making depends on authority to access solid data insights. We are pleased to deliver a new wealth of internet data on cryptocurrency futures for institutional investors that can contribute to their overall confidence throughout their decision-making process .”
CryptoCompare at first entered into an alliance with information company Thomson Reuters last July to provide order book and trade data on 50 cryptocurrencies for the Eikon platform.
At the time, CryptoCompare founder and CEO Charles Hayter claimed that as the markets bloom, they had seen thriving interest from institutional investors.
In April , Nasdaq added Brave New Coin’s XRP Price Index to its global data service, having added Brave New Coin’s Bitcoin Liquid Index ( BLX ) and Ethereum Liquid Index ( ELX ) in February.