New York Stock Exchange (NYSE) parent Intercontinental Exchange, Inc. (ICE) has announced it is creating a global cryptocurrency data feed, active by the year's first quarter.
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"Access to comprehensive price discovery is vital to accurately value the cryptocurrency market," a newly created ICE landing page reads. "Our Cryptocurrency Data Feed, available on the ICE Consolidated Feed, gives you access to streaming real-time, end of day and historical data for the most actively traded digital currencies."
Intercontinental Exchange, Inc. (ICE) owns several exchanges from the New York Stock Exchange (NYSE) to subsidiaries in Singapore and Netherlands. Based in Atlanta, Georgia, it's a Fortune 500 company looking to enter the burgeoning cryptocurrency market. Blockstream is a private company geared toward bitcoin core applications, especially sidechains, and funds many bitcoin core projects, and will act as its partner.
The Feed will include "broad coverage" of six major cryptocurrencies: bitcoin core, ethereum, litecoin, dash, ripple, and bitcoin cash. The collaboration also promises "to offer multi-asset and multi-venue data from cryptocurrency exchanges globally, which will be available in the first quarter of 2018," capturing "nearly 80% of crypto-exchange trading volume for the most active currency pairs."
"All crosses are captured and normalized," ICE explains, "which creates a unique sequence number, details on where the trade took place, and other relevant order book data such as quantity, price, currency and timestamp." ICE also promises over "two years of Bitcoin (XBT) history; XBT/USD averages over 200,000 updates per day; in excess of 600,000 updates per day across all digital pairs."