Thomson Reuters Partners With CryptoCompare to Track 50 Crypto Assets

Canadian mass media and information company Thomson Reuters has announced a crypto asset data partnership with cryptocurrency tracking resource CryptoCompare, according to a July 31 press release.

As the press release explains, CryptoCompare will now provide order book and trade data on 50 cryptocurrencies for Reuters’ financial desktop platform Eikon, which is aimed at institutional investors.

Sam Chadwick, the director of strategy in innovation and blockchain at Reuters, noted in the press release that the “decline in the price of many of the leading cryptocurrencies during 2018” has not lessened the “increasing demand from our customers for pricing coverage of the major names.”

Reuters had already been engaged with cryptocurrency monitoring through a separate deal with MarketPsych Data, which has provided the data for tracking 100 cryptocurrencies in Reuters’ sentiment data pool since June.

The moves come at a time when institutional integration of such assets remains a major talking point, with various commentators eyeing increasing acceptance to occur this year…

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