BitMEX, CryptoCompare and Refinitiv to Jointly Build Real-Time Crypto Futures Dataset

Published at: June 10, 2019

Crypto derivatives platform BitMEX and provider of crypto data CryptoCompare will jointly build a real-time crypto futures dataset, according to a press release shared with Cointelegraph on June 10.

The BitMEX cryptocurrency futures dataset is designed for institutional investors, and will be delivered to financial markets data provider Refinitiv through the CryptoCompare contributions conduit. The tool will eventually be integrated into the Refinitiv Eikon, a set of software products for financial professionals to monitor and analyze financial information.

The product is set to increase transparency and confidence in the cryptocurrency markets and subsequently attract greater institutional participation in the digital asset class. Commenting on the initiative, BitMEX CEO Arthur Hayes said:

“When it comes to trading, good decision-making depends on access to solid data insights. We are pleased to deliver a new wealth of data on cryptocurrency futures for institutional investors that can contribute to their overall confidence throughout their decision-making process.”

CryptoCompare initially entered into a partnership with information company Thomson Reuters last July to provide order book and trade data on 50 cryptocurrencies for the Eikon platform.

At the time, CryptoCompare founder and CEO Charles Hayter stated that as the markets mature, they had seen rising interest from institutional investors.

In April, Nasdaq added Brave New Coin’s XRP Price Index to its global data service, having added Brave New Coin’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) in February.

Tags
Bitcoin
Markets
Cryptocurrencies
Bitmex
Related Posts
Data shows Bitcoin price drops days after BTC futures open interest hits $1B
There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis. Open interest measures the total number of contracts held by market participants. As the figure rises higher, so does the potential size of liquidations. On Aug. 2, a $1,400 crash happened as $1 billion in futures contracts were forcefully closed due to insufficient margins. Although there is no magic number, traders tend to …
Bitcoin / Nov. 27, 2020
BitMex Insurance Fund Tags ATH, Binance and Deribit Inject Millions
The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and Deribit. In spite of the widespread carnage, the insurance fund of leading derivatives exchange, BitMex, only took two days to break back into new all-time highs. BitMex insurance fund posts new all-time high Despite going offline for 45 minutes due to a “hardware issue” late March 13, BitMex appears to have emerged from the recent cryptocurrency market massacre stronger than ever. The crash saw BitMex only deployed 1,627 to …
Bitcoin / March 14, 2020
BitMEX and Hong-Kong Listed Wine Firm Plan Joint Foray Into New Japanese Crypto Exchange
Crypto exchange BitMEX and a fine French wine retailer are reportedly partnering to acquire a majority stake of licensed — but as yet inactive — Japanese crypto exchange BitOcean. Cointelegraph Japan reported on the potential partnership on Dec. 21. Madison Holdings Group, which is currently listed on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange, reportedly plans to acquire a 62.7 percent stake of BitOcean for 1.68 billion yen ($15.12 million) — paid to existing third-party stakeholders — in addition to a further $15 million in extra fees. The deal, as yet incomplete, is reportedly to be …
Bitcoin / Dec. 26, 2018
5 ways derivatives could change the cryptocurrency sector in 2022
We‘ve all heard stories of billion-dollar future contracts liquidations being the cause of 25% intraday price crashes in Bitcoin (BTC) and Ether (ETH) but the truth is, the industry has been plagued by 100x leverage instruments since BitMEX launched its perpetual futures contract in May 2016. The derivatives industry goes far beyond these retail-driven instruments, as institutional clients, mutual funds, market makers and professional traders can benefit from using the instrument‘s hedging capabilities. In April 2020, Renaissance Technologies, a $130 billion hedge fund, received the green light to invest in Bitcoin futures markets using instruments listed at the CME. These …
Adoption / Dec. 30, 2021
Hong Kong could be key for China’s crypto comeback: Arthur Hayes
Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this process. In his Oct. 26 blog post titled "Comeback", Hayes outlined why he thinks the Hong Kong government's announcement about introducing a bill to regulate crypto is a sign China is trying to ease its way back into the market. This could be because Hong Kong acts as “the proxy through which China interacts with the world." “When China loves crypto, the bull market …
Adoption / Oct. 27, 2022