Coinigy Crypto Trading Platform And Merkle Data Blockchain Analytics

One of the popular cloud-based crypto trading platforms that has been able to attract over thousands of active users on their platform, Coinigy, together with the Merkle Data, have just announced the partnership they have gotten into. The partnership is primarily to provide the blockchain data that is in Merkle to the Coinigy broad user base easily through the Coinigy platform.

Merkle Data was established as a provider of the risk and analytics solutions to the different crypto institutions in the market.

Derek Urben, who is the Director of Business development and the CFO of Coinigy, goes ahead to say that they are very excited to give their customers easy access to the Merkle enterprise-grade data. The Merkle company has ensured they have acquired the best of the best in their platform, that is the best team of blockchain data engineer plus the quants, not forgetting the data that the company will provide will be able to open up valuable trading opportunities that their users will be exposed to.

Merkle has designed some very powerful tracking indices, which are able to track the activity level within the crypto markets efficiently. The users who are on the Coinigy platform are empowered to see the trade and exchange fund flow if a movement that will all take place in just one interface.

The Merkle Data Has Been Designed With Three Indices

The MDX –

It has been designed to track the deposits that are made on the crypto spot exchanges every single day. Thus, this will allow the traders to see when the funds have come online and ensured they do their trading before the big whale’s go-ahead to offload their payday or the ICO funds. The company has guaranteed to include the top exchanges in the market; this is exchanges like Binance, Gemini and Okex, which have been considered to cover about 50% of the current global liquidity.

The MVL –

This feature has been designed to track the on chain volume together with the velocity. With this information, traders are able to adequately apply the NVM or the NVT ratio to the underlying payments.

The Network Metrics –

It is also able to track the on chain stats, but it looks at the difficulty included, the transactions block and the block size, but this is not all as the feature is also able to look into the mining stats. The date that is collected can be used for the overlay on the price charts.

By the fourth quarter of 2018, the MVL and the MDX will be made available to the Coinigy Premium CryptoFeed users only, at $100/API. As for the network metrics, this will be made available directly to the Coinigy platform.

What To Know About Coinigy?

The company was established as a cloud-based crypto trading platform that has been able to offer access to more than 40 of the exchanges that are around the globe. The connectivity within the company allows the firm to efficiently provide the users of the real-time pricing taking pace within the crypto market, the full features trading spot together with the aggregation tool and some portfolio management.

What To Know About Merkle Data?

The company has been providing different financial institutions with risk and analytic solutions. It ensures they have adequately exposed their client base to cryptocurrencies that will be able to improve the performance of their current investment strategies and in return help the reduction of portfolio risk. Just to ensure each investor has trader protection while investing in the market.

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