BestX announced an expansion of coverage for the BestX FX Best Execution Analytics to include the main digital currencies of bitcoin, ethereum, litecoin, bitcoin cash & ripple. BestX has secured agreements to consume market data from a variety of key exchanges, which will allow them to create the BestX-mid from market reference data representing more than 70% of ADV.
“As adoption increases across these new markets, we are pleased to be able to meet the demand from our clients and deliver analytics that provide them the same transparency as for the traditional ‘fiat’ currencies,” the company wrote in a statement. “We are proud to be the first independent TCA provider in the world to offer this service, enabling our clients to leverage the award-winning BestX analytics to provide transparency into otherwise quite opaque markets” said BestX Co-Founder Ollie Jerome in a statement. “We continue to futureproof our offering to meet client demand as digital currencies become increasingly legitimized by the professional investor community”.