CoinMarketCap to Use Vela’s SuperFeed Streaming Market Data Feed Service
CoinMarketCap Announces That it is Teaming up With Vela, to Include Cryptocurrencies in SuperFeed
Getting hold of the proper type of statistics can sometimes be a challenge, and this is especially true for the cryptocurrency market, in which there can sometimes be contradictions in the statistics.
CoinMarketCap, which has gained a profoundly positive reputation as a compendium of statistics for a vast number of cryptocurrencies, has announced that it will be teaming up with Vela, a specialist in trading and market access technology, according to its Twitter account.
CoinMarketCap is pleased to be partnering with @TradeVela to bring our trusted cryptocurrency data to institutional clients! We will be providing the crypto data in their SuperFeed. Read our press release here at: https://t.co/IWbEw4jEy8
— CoinMarketCap (@CoinMarketCap) August 22, 2018
Operating as an independent provider of trading market technology for electronic trading opens new avenues for both. This partnership also marks the addition to Vela's asset coverage and its Market Data Feed service, called SuperFeed.
The collaboration between Vela and its significant client base, in conjunction with the rapidly expanding test of over 1,800 cryptocurrency variations and digital tokens, as supported by CoinMarketCap provides rare opportunities. Vela will work to integrate CoinMarketCap's professional API into its existing market data feed: SuperFeed. This will enable institutions such as broker-dealers, financial institutions, banks and various retail firms to have rare access to CoinMarketCap's world-leading cryptocurrency data feed, along with more conventional data sources.
There are a number of advantages that Vela's SuperFeed system provides for its users, such as a low-latency level, normalized data without any need for client infrastructure, allowing it to deliver remarkable levels of performance, availability, and reliability which are otherwise sorely needed from a trading quality market data feed.
This inclusion of cryptocurrencies will complement the more than 100 markets and data sources that are already available on SuperFeed, covering all major US and European markets and a growing range of Asian venues.
The CEO or Vela, Jen Nayar, expressed a great deal of optimism over the partnership, looking ahead to the prospects that it and SuperFeed would bring long-term:
“We are very excited to be partnering with CoinMarketCap to provide our institutional clients with enterprise-grade access to the leading, independent source of cryptocurrency data. With crypto being one of the biggest disruptors in our space today, this agreement fortifies Vela’s entry into this innovative digital currency sector. We look forward to working with CoinMarketCap to deliver their world-leading cryptocurrency data to our institutional audience.”
Of all analytical sites available for those actively participating in the cryptocurrency market, CoinMarketCap has reliably offered a wide range of segmented data through their platform, allowing for users to receive the best possible coverage for individuals and retail users. Along with the professional data products that it now provides, enterprises will now be able to tap into this independent source of highly accurate data, which is critical for back-testing cryptocurrency portfolios for their strategy, including developing cryptocurrency products among other things.
Brandon Chez, founder of CoinMarketCap says:
“With our goal to remain the most trusted and accurate source of data for the cryptocurrency community, we are pleased to be partnering with Vela, a well-respected and independent technology leader in trading and market access,” adding, “Together, we are able to extend our reach to major banks, broker-dealers, and institutional firms so that they can access our information directly.”