Thomson Reuters Launches Cryptocurrency Real Time Rates

Thomson Reuters has announced the launch of Cryptocurrency Real Time Rates data feed. The new tool will provide real-time information from six currencies across major cryptocurrency trading exchanges. Data will be obtained from such exchanges as bitFlyer and BITPoint, more exchanges will be added later.

The new Cryptocurrency Real Time Rates are accessible through a customized API on Thomson Reuters Eikon, a set of software products for financial professionals to monitor and analyze financial information. 

The introduction of the solution is apparently based on findings discovered through a recent Thomson Reuters Trading Cryptocurrency survey. Notably, the survey suggested that cryptocurrency trading by financial firms could increase in 2018. 20% of survey participants said they may start trading cryptocurrencies over the next 3-12 months.