Thomson Reuters Adds Bitcoin Cash to Eikon Platform

Over 300,000 financial professionals working in asset management, hedge funds or other institutions now have access to bitcoin cash data directly via their Thomson Reuters Eikon platform.

Also Read: Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore

Toronto-headquartered multinational mass media and information firm, Thomson Reuters Corporation (NYSE: TRI), has added bitcoin cash (BCH) to its Bloomberg Terminal challenger platform, Eikon. BCH has thus become only the third cryptocurrency to list on the platform following bitcoin (BTC) and ethereum.

This development can be seen as a reaction to Bloomberg which recently expanded its bitcoin coverage on the terminal and added ethereum, ripple (XRP) and litecoin feeds to its service.

Eikon first added BTC to its suite of tracked assets, based on a feed from Bitstamp exchange, back in mid 2014.

Bitcoin cash has being getting more and more adoption recently, with the latest major example being Bitpay. The the largest bitcoin payment processor in the world announced just a couple of days ago that it will start processing BCH payments for invoices and debit loads.

The Eikon Platform Reach

If you are not familiar with Eikon, it is Thomson Reuters’ flagship financial information platform, like the information component of Bloomberg’s Professional service. It was launched back in 2010 and is estimated to cost between $300 to $1800 per month, depending on the total number of systems a user licenses.

The platform is connected to more than 400 exchanges and OTC-traded markets, and over 70 direct exchange feeds, delivered via low latency data feeds. It also offers connectivity to deep liquidity pools, with over 80 providers and more than 1,300 institutional clients, plus FX market pricing from over 2,000 contributing sources in 175 fiat currencies.

What do you think about Thomson Reuters listing BCH on Eikon? Share your thoughts in the comments section below!

Images courtesy of Shutterstock and Thomson Reuters.



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