California fintech Integral announced this week that it has expanded its market data offering for cryptocurrencies to include 14 major cryptocurrencies connecting to all major exchange sources across the U.S., Europe, and Asia. While sharing details about the expansion, Harpal Sandhu, CEO of Integral, stated:
“An accurate, stable, and reliable reference price is a requirement for any market maker. The Cryptocurrency Market Data Service connects to the most price sources and applies the most advanced price discovery algorithm available.”
The company revealed it has years of experience as a technology leader and innovator in foreign exchange and is now applying this ingenuity to the cryptocurrency market. The Market Data Service uses algorithms developed with Stanford University for Integral FX Benchmark to provide the most precise reference prices for cryptocurrencies. Charalambos Psimolophitis, CEO of FxPro Group also commented:
“Integral’s Cryptocurrency Market Data has proven to be the most stable and most accurate price source for our market making service, especially in times of extreme volatility. We will continue to expand our market leading position with additional product offerings based on this reliable platform.”
Integral then added that in the coming weeks, the Market Data Service will also make available a real-time consolidated order book across all 16 exchanges via its high-performance market data network in NY4, LD4, and TY3. The company now offers a variety of configurations of currency pairs and exchanges starting at $1700/month.