Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is partnering with blockchain startup Blockstream to launch a new cryptocurrency-based data feed.
ICE Data Services’ feed will display real-time data from at least 15 different cryptocurrency exchanges worldwide, including prices and order book data for bitcoin and other cryptocurrencies, according to a press release published today.
The Cryptocurrency Data Feed will provide price information against the dollar and other major currencies, and Blockstream will collect and format the data to help investors more easily track how different markets are performing.
ICE Data Services President and chief operating officer Lynn Martin said in a statement:
“With the broad array of cryptocurrencies and exchanges, and given the price variances between exchanges, it’s critical that investors have a comprehensive source of pricing information. We’re excited to work with Blockstream, which is focused on bringing institutional-quality data to the market, and we look forward to expanding the feed and our strategic relationship with Blockstream over time.”
Blockstream will be responsible for actually collecting the data from different exchanges, and will present it in a similar fashion to current data streams present in stock exchanges. The information presented will include real-time price data, as well as historical pricing.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Blockstream.
New York Stock Exchange image via photo.ua / Shutterstock
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.