Bitmex Partners with Cryptocompare on Futures Data

thought-catalog unsplash Bitcoin Ethereum CryptocurrencyCrypto exchange Bitmex has formed a partnership with CryptoCompare, a provider of cryptocurrency data and indices, to provide real-time cryptocurrency futures dataset to institutional investors via the Refinitiv Eikon terminal.

BitMex has always targeted professional traders and institutions. The exchange claims to be the “world’s most advanced cryptocurrency derivatives trading platform.” BitMEX enables traders the ability to exchange cryptocurrency risk at volume.

CryptoCompare has an established partnership with Refinitiv, according to a release. The CryptoCompare-Refinitiv partnership also offers exchanges and information providers a way to contribute data to Refinitiv.

BitMex CEO Arthur Hayes, commented on the deal stating when it comes to trading, good decision-making depends on access to solid data insights.

Charles Hayter, Co-Founder and CEO of CryptoCompare, added that they are excited to enter into a partnership with BitMex to bring a real-time, high-quality dataset to professional investors on the Refinitiv Eikon terminal.

“Our partnership will increase transparency and confidence in the cryptocurrency markets which in turn will attract greater institutional participation in the digital asset class.”

CryptoCompare says it provides data spanning 5,800+ coins and 270,000+ currency pairs globally.

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