The year 2017 has seen a huge surge in the crypto economy. The booming market has attracted the attention of all, and even established traditional market fund managers are now considering putting their money into the booming market to gain some short-term profits.
Now, Toronto-based Thomson Reuters Corporation has added Bitcoin Cash to its financial information terminal Eikon. This is the third cryptocurrency that the platform has added, after Bitcoin and Ethereum.
This move comes after its competitor, Bloomberg Terminal, introduced Ethereum, Litecoin, and Ripple recently.
Can You Trade Cryptos Like Any Other Currency?Go to article >>
In 2014, Eikon first listed Bitcoin on its terminal by taking the market data feeds directly from the Luxembourg-based cryptocurrency exchange Bitstamp.
Bitcoin Cash is gaining popularity day by day, and just a couple of days ago, Bitpay announced that it will start processing BCH payments for invoices. Moreover, Bitcoin.com also partnered with VISA to launch a Bitcoin Cash debit card.
Meanwhile, with this news, the price of BCH jumped against USD to touch $2,500 from around $1,900 in the last 24 hours, gaining more than 20 percent of its value. The trading of the coin also skyrocketed and in the last 24 hours, trading volume is recorded to be over $3.2 billion. BCH has been on the rise since the cancellation of Segwit2x in November, gaining 405 percent in value. Bitcoin Cash currently holds a market cap of above $37.5 billion.
What is Eikon?
Eikon is Reuters’ flagship financial information platform, like the information component of Bloomberg’s Professional service. Launched in 2010, the platform is now connected with over 400 exchanges and OTC-traded markets, and over 70 direct exchange feeds, delivered via low latency data feeds. It is also one of the leading market data terminals used by trading professionals and brokers.
Along with Bitcoin, both retail and institutional investors have embraced the altcoins, which explains their inclusion on brokers’ platforms. These inclusions are also extending the digital coins’ reach to forex and options traders.