Wall Street Creates Global Cryptocurrency Gegevens Feed – Bitcoin News
Fresh York Stock Exchange (NYSE) parent Intercontinental Exchange, Inc. (ICE) has announced it is creating a global cryptocurrency gegevens feed, active by the year’s very first quarter.
Wall Street Teams with Bitcoin Developer
“Access to comprehensive price discovery is vital to accurately value the cryptocurrency market,” a freshly created ICE landing pagina reads. “Our Cryptocurrency Gegevens Feed, available on the ICE Consolidated Feed, gives you access to streaming real-time, end of day and historical gegevens for the most actively traded digital currencies.”
Intercontinental Exchange, Inc. (ICE) wields several exchanges from the Fresh York Stock Exchange (NYSE) to subsidiaries ter Singapore and Netherlands. Based te Atlanta, Georgia, it’s a Fortune 500 company looking to inject the burgeoning cryptocurrency market. Blockstream is a private company geared toward bitcoin core applications, especially sidechains, and funds many bitcoin core projects, and will act spil its playmate.
The Feed will include “broad coverage” of six major cryptocurrencies: bitcoin core, ethereum, litecoin, dash, ripple, and bitcoin specie. The collaboration also promises “to opoffering multi-asset and multi-venue gegevens from cryptocurrency exchanges globally, which will be available te the very first quarter of 2018,” capturing “nearly 80% of crypto-exchange trading volume for the most active currency pairs.”
“All crosses are captured and normalized,” ICE explains, “which creates a unique sequence number, details on where the trade took place, and other relevant order book gegevens such spil quantity, price, currency and timestamp.” ICE also promises overheen “two years of Bitcoin (XBT) history, XBT/USD averages overheen 200,000 updates vanaf day, ter excess of 600,000 updates vanaf day across all digital pairs.”
Low Latency, Quality Information
The fresh feed “initially include gegevens from more than 15 cryptocurrency exchange venues globally,” ICE COO Lynn Martin is quoted spil telling, “With the broad array of cryptocurrencies and exchanges, and given the price variances inbetween exchanges, it’s critical that investors have a comprehensive source of pricing information.”
The six cryptocurrencies will be “measured against the U.S. Dollar and other major currency pairs,” the announcement continued. “Blockstream works with cryptocurrency exchanges around the world and consolidates the disparate gegevens sets into a normalized and standardized gegevens source that includes real-time and historical trade information, spil well spil other relevant order book gegevens such spil quantities, prices, currencies, and timestamps.”
The team’s hope is to limit latency te price discovery, providing spil close to real-time and quality information spil possible. “The ICE Gegevens Services Consolidated Feed provides access to overheen 450 normalized real-time market gegevens feeds and is part of ICE’s Connectivity service,” they stress.
It’s too early to know just yet if The Feed will rival with Coinmarketcap and other aggregators already established, but perhaps Wall Street professionals will be drawn to the legitimacy and gravitas ICE brings, furthering the crypto mainstreaming trend.
What do you think this teaming will accomplish? Let us know te the comments section below.
Pictures courtesy of Pixabay, ICE, Blockstream.
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