Intercontinental Exchange ‘ICE’ & Blockstream Partner to Launch Cryptocurrency Data Feed.
The feed delivers real-time and historical data for the most widely and actively traded cryptocurrencies. Covering 60+ cryptocurrencies from leading venues, markets and exchanges across the globe.
The new Data feed is aimed at providing true price discovery of the cryptocurrency markets, tracking “over 200 million trade and quote updates per day across 400+ crypto and fiat currency pairs”. Traditional financial exchanges typically have a few major pools of liquidity to draw a signal point of price discovery from. With 50+ Crypto exchanges all engaging in the process, assets true values can often get lost as they vary from place to place causing instability and volatility.
Access to price discovery data is crucial to assist in accurately valuing the crypto market. To help address the need for transparency and offer investors a comprehensive view, we worked with Blockstream to launch the ICE Cryptocurrency Data Feed.
The partnership hopes to provide the most comprehensive solution for institutions looking into the markets, analysing all current and historical trade data and full insights into level 2 order books as well as other indicators.
Daily summaries include a calculated accumulated volume, VWAP (Volume Weighted Average Price), turnover value, and open/high/low/last trades for each asset by venue, so you can close your books without ambiguity.
The service is backed by ICE’s SFTI (Secure Financial Transaction Infrastructure) which will mean zero downtime for investors and immediate notifications when issues do arise
Safe, reliable connectivity to market data is crucial for businesses. Being offline drives risk — for example, getting locked into orders you can’t close or not being able to action or close orders on behalf of your customers — that can be avoided with the right solution.
- Demetrios Skalkotos, Global Head of Connectivity for ICE Data Services
The Data Feed currently lists 58 of some of the more popular cryptocurrencies and stable coins alongside 19 of the largest fiat currencies a full list of which can be found on ICE’s website. Those looking to gain access to the Data Feed will have to reach out to either Blockstream or ICE and enquire for further information.