Vela, a global multi-asset electronic trading provider, announced on Wednesday it has formed a partnership with CoinMarketCap, a cryptocurrency data source firm, in order to include cryptocurrencies through Vela’s Market Data Feed service, SuperFeed.
According to Vela, this new partnership will provide Vela’s institutional client base with access to the list of more than 1,800 cryptocurrency coins and tokens supported by CoinMarketCap. Vela will also be integrating with CoinMarketCap’s professional API into its streaming market data feed, SuperFeed, to enable institutions, including broker-dealers, banks, and other retail firms, to access CoinMarketCap’s world-leading cryptocurrency data alongside more traditional market data sources. While sharing more details about the partnership, Jen Nayar, CEO of Vela stated:
“We are very excited to be partnering with CoinMarketCap to provide our institutional clients with enterprise-grade access to the leading, independent source of cryptocurrency data. With crypto being one of the biggest disruptors in our space today, this agreement fortifies Vela’s entry into this innovative digital currency sector.”
Vela also reported that its SuperFeed provides low-latency data without the need for any client infrastructure. It then delivers the levels of performance, availability, and reliability required of a trading quality market data feed. Brandon Chez, founder of CoinMarketCap noted that he and his team are thrilled to be partnering with Vela then added:
“Together, we are able to extend our reach to major banks, broker-dealers, and institutional firms so that they can access our information directly.”