RATE Group | Thomson Reuters Partners With CryptoCompare To Provide Rich Insights Into Cryptocurrency…
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Thomson Reuters Partners With CryptoCompare To Provide Rich Insights Into Cryptocurrency…

01 Aug Thomson Reuters Partners With CryptoCompare To Provide Rich Insights Into Cryptocurrency…

Posted at 05:18h in Cryptocurrency News by

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A survey from Thomson Reuters revealed that cryptocurrency trading by financial firms could increase in 2018. The survey was conducted among 400 of the firm’s clients, with 20% indicating that they are considering trading cryptocurrencies over the next 3-12 months. In addition to this prediction, Goldman Sachs recently launched a cryptocurrency trading desk. A number of smaller banks, asset managers and midsize family offices in Europe and Asia have also started investing client money into the crypto market.

However, the lack of trusted sources of trade data pose a challenge for institutional investors and financial firms. According to crypto investor and Crypto Finance Group Board Member, Marc Bernegger, investors are in need of trusted sources when evaluating the crypto asset market. “Relying on the existing crypto order books and trade data is simply not enough,” Bernegger told me.

In order to provide trading professionals with a full view of the…

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