27 May 2017
Find out more

Thomson Reuters adds bitcoin pricing to Eikon

06 August 2014  |  6250 views  |  0 Bitcoin

Thomson Reuters has followed market data rival Bloomberg by adding bitcoin prices to its Eikon data service.

Thomson Reuters says bitcoin/ USD prices from the BitStamp exchange have been added to Eikon "in response to strong customer demand". It follows a move by Bloomberg to add Bitcoin pricing and market news to its Professional terminal service in April.

Despite it not being considered a currency and not legal tender in almost all jurisdictions, the growing role of crypto currencies is starting to get the full attention of market players and regulators.

While the size of the bitcoin market remains modest - with an estimated daily volume of $60-70 million - it is proving to be extremely durable.

"With online vendors such as Expedia and Dish Network accepting bitcoins as a form of payment, the bitcoin market is experiencing a surge in popularity, with many government officials beginning to recognise it as a valid means of exchange," says Thomson Reuters. "The phenomenon of crypto currencies needs to be monitored as it brings on several implications on industry assets and practices (such as payment systems and the role of the banks), but also on regulatory ground (links with anti-money laundering legislations).

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Overstock ponders the possibility of a 'cryptosecurities' exchange

Overstock ponders the possibility of a 'cryptosecurities' exchange

01 August 2014  |  7813 views  |  0 comments | 5 tweets | 1 linkedin
Former Credit Suisse banker becomes Coinfloor chairman

Former Credit Suisse banker becomes Coinfloor chairman

11 July 2014  |  6411 views  |  1 comments | 5 tweets | 6 linkedin
Expedia accepts bitcoin for hotel bookings

Expedia accepts bitcoin for hotel bookings

12 June 2014  |  6563 views  |  0 comments | 7 tweets | 10 linkedin
Bitcoin to have 'profound' impact on trust-based markets - Wedbush analysts

Bitcoin to have 'profound' impact on trust-based markets - Wedbush analysts

30 May 2014  |  8101 views  |  0 comments | 10 tweets | 6 linkedin
SEC issues alert on bitcoin risks

SEC issues alert on bitcoin risks

08 May 2014  |  5930 views  |  0 comments | 10 tweets | 4 linkedin
Bloomberg adds bitcoin pricing to Professional terminal

Bloomberg adds bitcoin pricing to Professional terminal

30 April 2014  |  5845 views  |  0 comments | 6 tweets | 4 linkedin
US exchange rows back on commitment to help regulate bitcoin trading platform

US exchange rows back on commitment to help regulate bitcoin trading platform

24 April 2014  |  4954 views  |  0 comments | 2 tweets | 1 linkedin
Wall Street industry group swallows Bitcoin red pill

Wall Street industry group swallows Bitcoin red pill

31 March 2014  |  14643 views  |  0 comments | 13 tweets | 5 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit www.niceactimize.comVisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
12933 views comments | 49 tweets | 79 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7682 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
6784 views comments | 16 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
6703 views comments | 12 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job