trueDigital, a provider of products for digital asset markets, today announced its newest partnership with data specialists Crux Informatics (Crux), a secure cloud-based platform and managed service that provides data delivery and operations at scale.
Through this partnership, trueDigital OTC cryptocurrency reference rates will be available to Crux Informatics institutional customers. The indices will provide the crypto community with institutional grade pricing for Bitcoin (BTC) and Ethereum (ETH), sourced from 12 OTC market makers.
Governed by IOSCO principals, trueDigital’s reference rates, launched in July 2018, are the first of their kind and were designed for reliability and transparency.
Market participants looking to better understand the price of BTC and/or ETH in institutional size can use them as an input to their trading systems, internal fair value calculations or net asset value calculations.
“Crux’s current and future customers are logical consumers of our offerings, and often overlap with firms we are already engaged with. We are very excited to be working with an innovative company which shares our continuing commitment to bridging the gap between digital and traditional finance.”
– The trueDigital Team