Sifted
January 11, 2021
The London-based data firm CryptoCompare, is another big winner. Its chief executive Charles Hayter tells Sifted that the platform is now onboarding 20 new paying data clients a month.
LONDON (Reuters) - Trading volumes on major cryptocurrency exchanges hit a daily record on Monday of over $68 billion, research showed, highlighting the trading frenzy that has accompanied bitcoin’s charge to an all-time high.
Overall daily trading volumes in cryptocurrencies hit $68.3 billion, the data from CryptoCompare showed on Tuesday. Daily volumes had averaged $13.1 billion in 2020, the data showed.
The MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) is an index designed to measure the performance of a digital assets portfolio which invests in Ethereum, with a closing value based on an hourly VWAP price.
MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare announced the licensing of the MVIS CryptoCompare Institutional Ethereum Index (ticker: MVIETH) to 3iQ Corp. for their Ether Fund (TSX:QETH.U).
CryptoCompare and the University of Sussex Business School today announced the launch of the Bitcoin Volatility Index (BVIN, the first benchmark index to quantify bitcoin implied volatility.
MV Index Solutions GmbH (MVIS®) and CryptoCompare announced the licensing of the MVIS CryptoCompare Digital Assets 5 Index (ticker: MVDA5), MVIS CryptoCompare Digital Assets 10 Index (ticker: MVDA10) and MVIS CryptoCompare Digital Assets 25 Index (ticker: MVDA25) to Bitpanda as underlying indices for their first regulated product.
Singapore Exchange (SGX) is collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite, namely the iEdge Bitcoin Index and iEdge Ethereum Index, as the first batch of such indices.
MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, today announced the launch of the MVIS CryptoCompare Institutional Ethereum Index (ticker: MVIETH) and the MVIS CryptoCompare Bitcoin VWAP Close Index (ticker: MVBTCV).
The London-based data firm CryptoCompare, is another big winner. Its chief executive Charles Hayter tells Sifted that the platform is now onboarding 20 new paying data clients a month.
Data from CryptoCompare shows that bitcoin trading volumes on the eight major exchanges tracked on the CoinDesk 20 have passed $11 billion, a new all-time high from the previous record during 2017's crypto bull market.
Trading volumes across six major cryptocurrency exchanges have been 10% higher at weekends than weekdays in that period, data from researcher CryptoCompare shows.
“This is the domino effect as asset managers tumble their portfolios into bitcoin,” Charles Hayter, CEO of crypto market data provider CryptoCompare, told CNBC.
Bitcoin enthusiasts agree the digital currency hit a record recently. What they don’t agree on is the level of that milestone or even when it was set.
“The gap between the crypto world and traditional financial institutions has closed dramatically,” Charles Hayter, CEO of crypto market data provider CryptoCompare, told CNBC.
