The company that owns the New York Stock Exchange, Intercontinental Exchange, recently stated that they will be partnering with a startup known as Blockstream to help launch a new cryptocurrency-based data feed. The services from the company will show data that is real time from over 15 cryptocurrency exchanges around the world. This will include prices and order book data for bitcoin amongst other cryptocurrencies. This is all according to a press-release that was issued recently.
The chief operating officer Lynn Martin of ICE Data stated that “With the broad array of cryptocurrencies and exchanges, and given the price variances between exchanges, it’s critical that investors have a comprehensive source of pricing information. We’re excited to work with Blockstream, which is focused on bringing institutional-quality data to the market, and we look forward to expanding the feed and our strategic relationship with Blockstream over time.” She further stated that “Blockstream will be responsible for actually collecting the data from different exchanges, and will present it in a similar fashion to current data streams present in stock exchanges. The information presented will include real-time price data, as well as historical pricing.”
Given that the market on cryptocurrency is still relatively new, people don’t know what the future of the market will be. With endorsements like the aforementioned one, it is becoming easier to discern whether or not the cryptocurrency world will be able to become mainstream as time goes on. As more and more of these multinational companies begin to show a slight acceptance for cryptocurrency, the world of crypto will become more and more popular. The hopes are high that as the world of crypto reaches new heights of popularity, the industry will be able to perform at the standards of any other economic body.