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Election 2024

Thomson Reuters Is Adding 50 Crypto Assets to Finance Data Feed

Thomson Reuters will soon track 50 crypto assets on one of its desktop finance feeds, thanks to a new deal with market data aggregator CryptoCompare.

By Daniel Palmer
AccessTimeIconJul 31, 2018 at 12:10 p.m. UTC
Updated Aug 18, 2021 at 9:32 p.m. UTC
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Canada-based information and news provider Thomson Reuters is to track a number of crypto assets on one of its desktop finance feeds, thanks to a new partnership with market data aggregator CryptoCompare.

Under the deal, CryptoCompare will collate order book and trading data for 50 crypto tokens sourced from "trusted" exchanges to be provided to investors through Thomson Reuters' Eikon platform, according to a press release.

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    • The added data will provide institutional investors with "reliable insight" into the crypto asset market, enabling them to predict asset price movements with "a high degree of probability," Thomson Reuters said.

    Sam Chadwick, Thomson Reuters' director of strategy in innovation and blockchain, commented:

    "Despite the decline in the price of many of the leading cryptocurrencies during 2018, we continue to see increasing demand from our customers for pricing coverage of the major names. ... This partnership puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive trading view in Eikon."

    The firm added that it has been engaged with CryptoCompare since the startup took part in a blockchain hackathon hosted by Thomson Reuters in September 2016.

    The addition of the new data feed comes after Thomson Reuters in May launched a "sentiment" feed for bitcoin – a service that uses AI to analyze over 400 sources of data, scouring news articles and social media posts in search of actionable insights for investors.

    That feed was expanded in mid-June to cover sentiment data for 100 different cryptocurrencies.

    Thomson Reuters image via Shutterstock

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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