BitMEX partners with CryptoCompare to provide real-time crypto futures dataset to investors

BitMEX, the cryptocurrency derivatives trading platform, has collaborated with CryptoCompare, a platform for cryptocurrency data and indices, according to latest reports. The press release stated that the latest partnership will essentially provide professional investors with real-time cryptocurrency futures information on the Refinitiv Eikon terminal, a financial information platform.
Arthur Hayes, CEO of the Seychelles-registered crypto-derivative exchange, remarked,
“When it comes to investing, good decision-making depends on access to solid data insights. We are pleased to deliver a new wealth of data on cryptocurrency futures for institutional investors that can contribute to their overall confidence throughout their decision-making process.”
Hayes hopes that the collaboration will potentially attract more institutional investors in the space by bringing more “transparency and confidence” in the cryptocurrency space, which has been riddled with controversies of fake volumes lately.
Bitcoin Mercantile Exchange or BitMEX, had recently released a report stating that users do not use the maximum 100x leverage that the platform offers. The digital currency trading platform also recorded a 24-hour trading volume that climbed an all-time high of over $10 billion. Hayes attributed the spike to the volatility of the cryptocurrency space and the traders.
The post BitMEX partners with CryptoCompare to provide real-time crypto futures dataset to investors appeared first on AMBCrypto.
Source: AMB Crypto