Adoption of cryptocurrencies is increasing exponentially, with some reports of crypto exchanges adding more than 100,000 users per day. Likewise, institutional investors are actively monitoring the asset class, given the usefulness of cryptocurrencies in the diversification of portfolios. Last year alone, the buying and selling of digital currencies generated $1.8 billion of fees at the largest crypto exchanges, which is equivalent to approximately 8 percent of the revenue seen on traditional exchanges. Whilst cryptocurrencies have had their detractors in the past, that viewpoint is clearly changing at a rapid pace with many more wagering crypto is here to stay.
CryptoCompare, the global cryptocurrency market data provider, has today published the ‘Cryptoasset Taxonomy Report’. The taxonomy provides retail and institutional investors, regulators and the industry as a whole with an independent classification of cryptoassets, based on the depth, breadth and scope of CryptoCompare’s global datasets.
The MJAC & CryptoCompare London Blockchain Summit will take place on Friday, November 30th at Old Billingsgate, London. The event will host pioneers, innovators and thought leaders of the blockchain industry alongside an exhibition of eminent and emerging companies that are making waves in the sector. Those already confirmed for the show include: Circle, Coinfloor, NKB Group, Ripple, Coinbase, BlockEx and Cumberland.
CryptoCompare, the global cryptocurrency market data aggregator, has entered into a strategic partnership with Thomson Reuters, the world’s leading source of news and information for professional markets. Under the agreement, CryptoCompare will integrate order book and trade data for 50 coins, sourced from a wide variety of trusted exchanges, into Thomson Reuters financial desktop platform Eikon, providing institutional investors with reliable insight into the crypto asset market as a whole.