How CoinMarketCap Could Be About To Inspire Huge Institutional Investment For BTC
Aug 23, 2018
Coinmarketcap.com (CMC) is one of the industries best pals for when it comes to market and trend data. CMC exists on an easy to use website and mobile app that makes crypto data research as easy as it can be. CMC had been designed for the personal investor in mind, in order to help investors make decisions and in order to allow them to see how their cryptos are performing all in one place.
Other cool features such as exchange data and a watch list make CMC one of the most popular cryptocurrency websites around.
In their latest announcement, CMC have partnered with Vela in a move that has been designed to bring the CMC platform to institutional investors, paving the way for a new era in data presentation, designed to make it easier for institutions to invest. If there’s one thing we know about institutional investors, it’s that their interactions within the markets is sure to bring a lot of money in, meaning price spikes, bull runs, ATH’s and generally, a very good time to be had for many.
According to the CMC announcement:
“CoinMarketCap, the world’s most trusted and accurate source of data for cryptocurrencies, today announced a partnership with Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading. This exclusive agreement marks a new addition to the asset class coverage for Vela’s Market Data Feed service, SuperFeed.”
“The partnership will provide Vela’s institutional client base with normalized access to the rapidly expanding list of more than 1,800 cryptocurrency coins and tokens supported by CoinMarketCap. Vela will integrate CoinMarketCap’s professional API into its streaming market data feed, SuperFeed, to enable institutions, including broker-dealers, banks, and other retail firms, to access CoinMarketCap’s world-leading cryptocurrency data alongside more traditional market data sources.”
“Vela’s SuperFeed provides low-latency, normalized data without the need for any client infrastructure, delivering the levels of performance, availability and reliability required of a trading quality market data feed. The addition of cryptocurrencies complements the more than 100 markets and data sources already available on SuperFeed, covering all major US and European markets and a growing range of Asian venues.”
According to the announcement, Jen Nayar, the CEO of Vela has said:
“We are very excited to be partnering with CoinMarketCap to provide our institutional clients with enterprise-grade access to the leading, independent source of cryptocurrency data. With crypto being one of the biggest disruptors in our space today, this agreement fortifies Vela’s entry into this innovative digital currency sector. We look forward to working with CoinMarketCap to deliver their world-leading cryptocurrency data to our institutional audience.”
The Founder of CMC, Brandon Chez has added:
“With our goal to remain the most trusted and accurate source of data for the cryptocurrency community, we are pleased to be partnering with Vela, a well-respected and independent technology leader in trading and market access. Together, we are able to extend our reach to major banks, broker-dealers, and institutional firms so that they can access our information directly.”
CMC are trying to make it easier for large institutions to enter the cryptosphere. This is good news for investors at all levels as institutional investment equals money. Money equals value and value equals happy investors (something like that anyway). By having groups like CMC make it easier for institutions, they are going to spearhead a revolution, one that we should all be behind.
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