Digital currency data aggregator CoinGecko has included another service tracking the developing number of cryptocurrency derivatives products.
The company’s derivatives tracker presently lists around 100 products like perpetual swaps and futures from more than 20 derivatives exchanges, the company said in a public statement and covers information points like interest, price, funding rates, basis, expiry dates, and trading volume.
Listed derivatives can likewise be seen in three separate ways, including by isolating items from particular exchanges.
TM Lee, CEO of CoinGecko, said the company envisions including more metrics later on, including options and leveraged tokens offered by different 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 crypto derivatives and look forward to further democratizing data access as we continue to commit to the maturation of the digital asset space.”
The service doesn’t list items from remarkable derivatives suppliers like CME and Bakkt, as yet. The company disclosed that it was down to the requirement for a solid API for the information, and the exchanges would be included soon.
CoinGecko’s new dataset comes after the September redesign of its “Trust Score” metric for exchange transparency. Initially introduced in May 2019, Trust Score was a reaction to a report from financial company Bitwise, which guaranteed 95 percent of cryptocurrency exchanges were engaged with wash trading or different strategies to obfuscate genuine trading volumes.
With its new offering, CoinGecko joins data supplier Skew as one of few services to provide brokers a simple method to track derivatives based on digital currencies. The company introduced its skewAnalytics service in late September as it revealed the raising of $2 million in seed financing from VC firms, including Kleiner Perkins.