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ICE Taps Blockstream to Create Real-time Cryptocurrency Data Feed

ICE Taps Blockstream to Create Real-time Cryptocurrency Data Feed

January 24, 2018 10:40 am,

ICE Taps Blockstream to Create Real-time Cryptocurrency Data Feed

The new business among Blockstream and the NYSE parent company is a large transaction. Their work is to inaugurate an innovative cryptocurrency data feed concentrating on real-time evidence. These price particulars will be scraped from over 15 different cryptocurrency trading platforms around the world. Transnational Exchange, Inc opted to partner with Blockstream for this specific scheme. The company’s long-standing position in the Bitcoin world perhaps has something to do with it.

This new data feed will not just emphasis on the prices of discrete currencies. It will also comprise the transaction volume and order book for all of the important cryptocurrencies. It is uncertain which currencies that list will comprise but the top 10 currencies are possible candidates. Given the unstable nature of these markets, the rankings tend to get shaken up rather frequently. Some of the most theoretically sound currencies aren’t even in the top 10 ranked by market cap. It will be motivating to see how this new data feed resolves this problem in the future.

Also, it seems the data feed will estimate prices in US Dollar as well as other main currencies. ICE is the latest US exchange machinist to go all-in on cryptocurrencies. Big things are trendy behind the sections in the financial world in this esteem. Even though Bitcoin is sliding in price, the attention in cryptocurrencies is still concrete. It is an optimistic growth for the firm and Blockstream.

The cryptocurrency industry desires official money to come in sooner rather than later. It is evident the markets are slipping rather rapidly. Just this weekend, we have seen a huge $80bn market cap swing of all cryptocurrencies combined. Money is made and lost very rapidly in this industry without new investors get on board. Right now, that is not trendy. This new scheme by Intercontinental Exchange, Inc. and Blockstream may help change all of that.