Crypto Exchange BTSE Extends Partnership With Brave New Coin To Launch DeFi IndexAugust 6, 2020
Digital asset data company Brave New Coin (BNC) has announced an agreement that extends its partnership with BTSE, a British Virgin Islands-based crypto exchange.
Founded in 2014, BNC is a data and research firm focused on the blockchain and crypto industry. It provides data, analysis and research to a global network of market participants. The company supplies spot-pricing, index solutions, research and news both aggregate and proprietary, via partners such as Amazon Alexa, Dow Jones Factiva, NASDAQ, Refinitv, RapidAPI and dozens more.
BTSE is a financial technology company that utilizes bitcoin and cryptocurrency technologies to develop solutions that empower users to take control of their financial freedom. As part of a suite of financial services designed to introduce innovative digital assets to the traditional finance landscape, BTSE’s developments include spot and derivatives trading, OTC, and lending services.
The two companies partnered last year to launch an institutional-grade index to track real-time market performance of BTC, ETH, and LTC. Its index product was among the first in the world to track multiple crypto assets across multiple pricing sources at sub-second frequency.
The parties are now extending their partnership to deliver five additional indices by the end of the year. The first new product delivered by BNC will be a DeFi index, as BTSE seeks to grow its suite of offerings in the decentralized finance marketplace.
“As interest in DeFi grows, our customers are looking for ways to tap into the open finance ecosystem, and Brave New Coin’s sophisticated tools will help us deliver these highly sought-after products,” said Jonathan Leong, CEO at BTSE.
“As the crypto market matures, we continue to see traders requesting institutional-grade features. At the same time, we’re seeing an increase in demand for DeFi-products,” said Fran Strajnar, CEO and Founder of Brave New Coin. “BTSE recognizes the evolving needs of today’s traders, and we’re pleased to be collaborating to provide state-of-the-art solutions for their platform.”
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