CoinMarketCap, a crypto info portal operating online enters a partnership with Vela to assist institutional clients with cryptocurrency data. The latter happens to be a tool provider of business management for carrying out electronic trading, globally dealing with multiple assets. The announcement of this new collaboration has been made on 22nd August on the official Twitter page of CoinMarketCap.
CoinMarketCap is pleased to be partnering with @TradeVela to bring our trusted cryptocurrency data to institutional clients! We will be providing the crypto data in their SuperFeed. Read our press release here at: https://t.co/IWbEw4jEy8
— CoinMarketCap (@CoinMarketCap) August 22, 2018
Jen Nayar, Vela CEO has been enthusiastic and happily greeted this partnership. According to his statement, “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.”
Vela, after the declaration of this collaboration has again posted on Twitter, stating,“@TradeVela adds @CoinMarketCap crypto data to SuperFeed”. This information implies that in the Market Data Feed Service of Vela known as as SuperFeed, CoinMarketCap has been added.
Data on CoinMarketCap
The portal enlists more than 1800 cryptocurrencies present in the crypto market space. It features the current valuation of the digital currencies along with the change, trading volume in the last 24 hours time span, market capitalisation and supply. In the streaming data feed, Vela will embed the online portal’s API, thereby, catering to the needs of banking institutions, retail firms, broker-dealers and others.
Brandon Chez, CoinMarketCap founder has made a statement on the new partnership. In his opinions, “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.”
However, the information available on the SuperFeed of Vela is supposedly of high quality which the clients can rely on. Bulk of data can be processed on this platform without affecting the experience of the users. This is due to the normalisation of the data which gives an implication that a particular client infrastructure does not need it.
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