CoinGecko Now Tracks Data From 20-Plus Crypto Derivatives Markets

CoinGecko Now Tracks Data From 20-Plus Crypto Derivatives Markets

data aggregator CoinGecko has added a new service tracking the growing number of derivatives products.

The firm’s derivatives tracker currently lists some 100 products such as perpetual swaps and futures from over 20 derivatives exchanges, the firm said in a press release, and covers data points such as price, interest, basis, funding rates, expiry dates and trading volume.

Listed derivatives can also be viewed in three separate ways, including by isolating products from specific exchanges.

CoinGecko CEO TM Lee said the firm anticipates adding more metrics in the future, including options and leveraged tokens offered by various exchanges:

“We hope to empower traders with more data that they can use to make better-informed decisions. We are excited about the potential growth of derivatives and look forward to further democratizing data access as we continue to commit to the maturation of the digital asset space.”

See also  Facebook’s Libra Nodes Are Live on ‘Pre-Mainnet’, Roadmap Confirms

The service does not list products from notable derivatives providers such as CME and Bakkt, as yet. The firm told CoinDesk that was down to the need for a reliable API for the data and the exchanges would likely be added soon.

CoinGecko’s new dataset follows the September overhaul of its “Trust Score” metric for exchange transparency. Originally launched in May 2019, Trust Score was a response to a report from financial firm Bitwise, which claimed 95 percent of exchanges were involved in wash trading or other methods to obfusicate real trading volumes.

With its new offering, CoinGecko joins data provider Skew as one of few services to offer traders an easy way to monitor derivatives based on cryptocurrencies. The firm launched its skewAnalytics service in late September as it announced the raising of $2 million in seed funding from venture capital firms including Kleiner Perkins.

See also  EY Unveils Public Finance Blockchain to Track Gov’t Spending

CoinGecko co-founder Bobby Ong image via CoinDesk archives

Leave a Reply

Your email address will not be published. Required fields are marked *

Want to automate your crypto Trading?
Try this new trading Robot!

Your information will be validated and you will be automatically redirected to the trading robot advanced dashboard.