TradeStation Partners with GDAX to Deliver Free Real-Time Spot Data for Crypto

Securing solid data sources for Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term has been one of the main challenges for brokers and their clients. US-based online broker-dealer TradeStation, which is a subsidiary of Japanese Monex Group, has announced that it is teaming up with GXAD to deliver rep-time spot data rates on four cryptocurrencies for free.

The partnership between the firms secures clients of TradeStation the ability to get a better glimpse of the wider crypto market before taking their trading decisions. The four cryptocurrencies which the companies will provide data for are Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum, Bitcoin Cash and Litecoin.

Commenting on the deal, the President of TradeStation Group, John Bartleman, said: “This data can be used to help guide trading decisions related to Bitcoin futures, as well to assess companies and market sectors – such as banks, credit card lenders and computer chip makers – that may be impacted by news related to cryptocurrencies or fluctuations in their prices.”

“The ability to access GDAX’s spot market data alongside Cboe and CME futures data will provide users with an enhanced ability to evaluate and trade the crypto derivatives market in real time,” added Adam White, Vice President and General Manager of GDAX.

Reliable data for cryptocurrencies has been an industry-wide challenge since the sheer number of exchanges globally is making arbitrage opportunities possible. Sourcing data from a reliable source can be the difference between making profits and losing trades.

Brokers that are market makers for CFDs and retail brokers can also have one more benchmark, provided that they have access to TradeStation’s new service.