Match-Trade Technologies announced on Tuesday the launch of its new digital currency data feed for 25 popular cryptocurrency pairs.
The company detailed that the data feed uses a proprietary algorithm to ensure prices’ speed and accuracy in various conditions, and the feed’s liquidity is sourced from “biggest spot/futures exchanges and the most prominent institutional market makers.”
The new service was launched at a time when the demand for cryptocurrencies is skyrocketing among both retail and institutional investors. The demand got further steam with the recent $1.5 billion investment in Bitcoin by Elon Musk, CEO of the electric car manufacturer, Tesla.
End-to-End Services for Crypto Brokers
Match-Trade’s new service will be an addition to the company’s long list of offerings to the cryptocurrency brokers, which include a payment gateway, customer management system and also a trading platform.
It elaborated that the brokers will receive access to data feed to some of the popular digital currencies like Polkadot, Chainlink and Cardano. Additionally, the company will provide up to five levels of the order book to ensure market transparency.
According to the liquidity provider, the data feed can be connected to any white-label and will be available through the company’s proprietary APIs and other partnered aggregators like OneZero hub, xCore, T4B and FX Cubic.
Commenting on the new data feed, Chris Dankowski, Match-Trade’s Chief Business Development Officer, said: “We constantly seek to improve our services, and we decided to expand and enhance our offer by adding the new pool of liquidity for 25 Crypto CFD pairs. It is essential to keep pace with the market, especially in the current situation when cryptocurrencies become very popular even among retail clients.”