ICE Teams Up with Blockstream to Launch New Crypto Data Feed

The popularity of cryptos continues to spread across the financial services industry, this time within the institutional space. Following a surge in popularity to kick off 2018, Intercontinental Exchange, Inc. (NYSE:ICE) has integrated a new cryptocurrency data feed into its services suite, covering data from over fifteen exchange venues.

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2017 proved to be a historic year for cryptos with this year already getting off to a hot start for the broader crypto industry. Last month’s adoption on CME Group and CBOE proved to be a big endorsement for Bitcoin and the prospect of these instruments, further bolstering their acceptance amongst investors.

Fast-forwarding to the present, ICE has teamed up with Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technologies and financial cryptography specialist Blockstream to launch a new crypto data feed. ICE Data Services’ newest data feed offers real-time cryptocurrency information covering fifteen cryptocurrency exchange venues on a global basis. In addition, the agreement between ICE and Blockstream will also yield more extensive coverage of crypto pricing and order book data for Bitcoin and other large cap cryptos.

ICE Data Services President and COO, Lynn Martin, commented on the agreement: “With the broad array of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and exchanges, and given the price variances between exchanges, it’s critical that investors have a comprehensive source of pricing information."

ICE’s cryptocurrency Data Feed represents the group’s newest addition to its suite of multi-asset and multi-venue data feeds, with this variant looking to provide a consolidated snapshot of exchange volumes globally. This includes capturing the majority of cryptocurrency exchange trading volume for leading crypto measured against the USD and major FX pairs.

“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,” Martin added.

The decision to enlist Blockstream to help power the feed was instrumental, given its work and affiliation with several cryptocurrency exchanges worldwide. The group is able to process large swaths of data into more normalized and standardized data source.

More specifically, this includes real-time and historical trade information, as well as other relevant order book data such as quantities, prices, currencies, and timestamps. The demand for this information is at a premium, making the data feed at ICE its first big splash in 2018.

“At Blockstream, we build technologies that help cryptocurrency to reach its full potential. Our work on the Cryptocurrency Data Feed is providing improved cryptocurrency market data through information sharing via our open, collaborative working relationships with cryptocurrency exchanges around the world,” reiterated Adam Back, CEO of Blockstream.