ICE adds Ethereum, Tron, and Ripple among group of 58 cryptocurrencies to its data feed

Cryptocurrency information provided by ICE will include price discovery, historic data, and individual exchange details

Intercontinental Exchange (ICE), the exchange behind Bakkt, is adding 58 cryptocurrencies to its new cryptocurrency data feed. Among the cryptocurrencies included are XRP, Ethereum, and TRX, according to a recent announcement from the company.

The listing also includes privacy coins such as Monero (XMR) as well as stablecoins such as Tether (USDT).

The feed will look to provide daily summaries that include data such as accumulated volume. In ICE’s blog post, the team mentioned an index called VWAP (Volume Weighted Average Price), which will allow users to assess “turnover value, and open/high/low/last trades for each asset by venue”.

With the help of Blockstream

ICE is the company that launched Bakkt, the cryptocurrency ecosystem that is expected to revolutionise institutional participation in cryptocurrency investment. Its data feed service aims to provide “real-time and historical data for the most widely and actively traded cryptocurrencies”. The service was launched earlier in 2019 with the help of Blockstream, and now a number of leading cryptocurrencies have finally been included.

ICE wrote on its official blog: “Access to price discovery data is crucial to assist in accurately valuing the crypto market. To help address the need for transparency and offer investors a comprehensive view, we worked with Blockstream to launch the ICE Cryptocurrency Data Feed.”

Cryptocurrency information provided by the data feed will include price discovery, historic data, exchange differences by price and by venue insight, and daily summaries including a calculated accumulated volume, the volume of weighted average price (VWAP), and turnover value.

The collaboration between the NYSE-backed ICE and Blocksteam will look to provide true price discovery for the cryptocurrency market that is aimed primarily at institutional clients and brokers.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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