BitMEX, Refinitiv and CryptoCompare to Collectively Create Real-Time Crypto Futures Metrics
BitMEX, known as a crypto derivatives platform, is set to unite with CryptoCompare to create a real-time crypto futures dataset. The companies are ready to create this product for new investors and to use the technology of Refinitiv, which is providing the base platform, together.
After the integration with Refinitiv Eikon (a set of software products focused on professionals who want to monitor markets in order to get the best results), the product is being set to make crypto markets more transparent.
According to him, making good trading decisions depends heavily on solid data. If the investors do not have this kind of insight, they will often avoid these markets as they are seen as riskier than the other ones.
With the help of the new product, however, the company will be able to cater to this kind of investor better and will give them the confidence that they will need in order to be participants in this market.
CryptoCompare is another company which has a long-time interest in catering to this kind of investor offering data. They made a partnership with Thomson Reuters last year in order to provide an order book for 50 cryptos on the Refinitiv Eikon platform, of which the company was already a partner before this latest project was started.
The founder of CEO of CryptoCompare, Charles Hayter, has affirmed that the crypto market is ready to mature now and this will certainly bring all kinds of new investors, especially the institutional ones, which are often seeing as the most interesting type because they trade in large sums.