Thomson Reuters is Partnering With CryptoCompare

Thomson Reuters (the parent company of Reuters; they also have an investing arm) is partnering with CryptoCompare (a company that provides data on cryptos) to meet their client’s increasing interest cryptocurrency.^[1]

According to a Survey by Thomson Reuters:

“Cryptocurrency trading by financial firms could increase in 2018 according to Thomson Reuters survey, with approximately 20% of the participants indicating they are considering trading cryptocurrency over the next 3-12 months. The survey was conducted among 400+ clients across all of Thomson Reuters trading solutions including Eikon, REDI, and its FX platforms.”

The general takeaway is that Thomson Reuters, like many other major companies who deal with the worlds largest investors, are ramping up their crypto game this year due to the increasing interest from their clients (AKA institutional investors).

1. Thomson Reuters Partners With CryptoCompare To Provide Rich Insights Into Cryptocurrency Market. Forbes.com.