Vela, the global leader in providing trading technology and market access technology software has partnered with world’s leading and trusted brand in the cryptocurrency space, CoinMarketCap. The partnership agreement with CoinMarketCap will allow Vela to add coverage of cryptocurrencies for its Market Data Feed service, SuperFeed.
The partnership will provide Vela’s institutional client base with a more widespread coverage of more than 1800 cryptocurrency coins and tokens that are supported by coinmarketcap. The CoinMarketcap’s professional API will be integrated into Vela’s streaming market data feed, SupeFeed. It will enable broker-dealers, banks and other retail firms access to real-time and accurate cryptocurrency data alongside more traditional market data sources.
CoinMarketCap offers a wide range of specialised data on their website, delivering real-time and accurate coverage for both individuals and retailers. Now with this partnership, it can tap more individual data sources for most accurate data that are essential for backtesting cryptocurrency portfolio strategies.
Vela’s SuperFeed offers unmatched performances and users can rely on this board for all its trading purposes. It offers users with low-latency, normalized data without the need for any client infrastructure, optimized performances, and reliable market data feed. In addition to cryptocurrencies, it also covers more than 100 market data sources already available on SuperFeed including all major US and European markets and a growing range of Asian markets.
Jen Nayar, CEO at Vela commented:
“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.”
Brandon Chez, founder of CoinMarketCap said:
“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.” Adding, “Together, we are able to extend our reach to major banks, broker-dealers, and institutional firms so that they can access our information directly.”