CoinGecko cryptocurrency market data aggregator has added a new service to track more than 20 cryptocurrency derivatives.
CoinGecko tracks about 100 products, including perpetual swaps and futures, represented on 20 derivatives exchanges. In addition, the aggregator provides data on the price, interest, the difference between the prices of the futures contract and the underlying asset, financing rates, contract expiration dates and trading volumes.
CoinGecko CEO TM Lee said that in the future the company plans to add additional indicators, including for options and tokens with borrowed funds.
“We want to provide traders with a large amount of information, based on which they can make an informed decision. We see great potential in cryptocurrency derivatives and try to make access to data more democratic, ”said Lee.
At the same time, CoinGecko has not yet posted products from well-known suppliers of derivatives CME and Bakkt. Lee clarified that the service needs reliable APIs to collect data. As soon as this issue is resolved, most likely, the platforms will be added to the data aggregator.
CoinGecko launched a new service in addition to the Trust Score metric, which provides transparent data from exchanges. The Trust Score was launched in May 2019 after the Bitwise announcement that 95% of cryptocurrency exchanges participate in fictitious trading to manipulate the market and hide the real trading volumes.
Recall that this month, the World Federation of Exchanges (WFE), which includes the Chicago Board of Trade (CME) and the US Nasdaq, called on the Financial Supervisory Authority of the United Kingdom (FCA) not to prohibit cryptocurrency derivatives.
Related posts:
GitHub Libra Code draws criticism from users 
Tipping on Reddit and Vimeo in BAT introduced by Brave 
Newcomers to the crypto market have to pay attention to scams and pump and dumps 
Hardly any growth in downloaded crypto apps, despite tripling price bitcoin 
Bloomberg accepts Bitcoin – says cryptomonads are here to stay 
The Central Bank can release their cryptocurrencies earlier than expected
