The famous platform of statistical information on cryptocurrencies, CoinMarketCap, shared on 22 August via Twitter about its new partnership with Vela, a “global platform for trading and financing direct B2B and community commerce, investment and trade.”
The giant cryptocurrency tracking data platform CoinMarketCap has teamed up with Vela, a financial management tool operator for digital trading. According to the company’s tweet, the collaboration aims to attract new institutional investors through its crypto data.
CoinMarketCap is pleased to be partnering with @TradeVela to bring our trusted cryptocurrency data to institutional clients! We will be providing the crypto data in their SuperFeed. Read our press release here at: https://t.co/IWbEw4jEy8
— CoinMarketCap (@CoinMarketCap) August 22, 2018
The Chief Executive Officer of Vela, Jen Nayar expressed his excitement on Vela’s partnership with CoinMarketCap. He stated:
“We are very excited to be partnering with CoinMarketCap to provide our institutional clients with enterprise-grade access to the leading, independent source of cryptocurrency data. With crypto being one of the biggest disruptors in our space today, this agreement fortifies Vela’s entry into this innovative digital currency sector. We look forward to working with CoinMarketCap to deliver their world-leading cryptocurrency data to our institutional audience.”
Vela to upgrade its SuperFeed
Furthermore, Vela is set to integrate CoinMarketCap’s services to its SuperFeed, known as Vela’s Market Data Feed Service. The company tweeted:
“@TradeVela adds @CoinMarketCap crypto data to SuperFeed.”
CoinMarketCap provide data on 1,878 cryptocurrencies
Presently, CoinMarketCap supports 1,878 cryptocurrencies. Its feed displays info about assets’ price, market cap, traded volume, supply, and other market data. On the other side, Vela’s tracking data feed will incorporate the API of its new partner. In this way, it is desired to satisfy customer demands, whether we are talking about banks, brokers or retail companies.
Roughly 100 data sources plus markets (especially US, European, and Asian) integrated on Vela’s SuperFeed have shown a consistent level of compatibility with the new listing of cryptocurrencies on the platform.
The Vela’s upgraded SuperFeed is set to offer “high-quality data” while carrying out on the system’s reliability. In addition, it is assumed that the new feed will support a huge volume of data without neglecting the customer experience.
Speaking about the collaboration with Vela, the Founder of CoinMarketCap, Brandon Chez claimed:
“With our goal to remain the most trusted and accurate source of data for the cryptocurrency community, we are pleased to be partnering with Vela, a well-respected and independent technology leader in trading and market access. Together, we are able to extend our reach to major banks, broker-dealers, and institutional firms so that they can access our information directly.”