Cryptocurrency Data Aggregator CoinGecko has added a new service to track the growing number of crypto derivatives.
The company's derivatives tracker currently lists about a hundred products such as swaps and perpetual futures from more than 20 derivatives exchanges, the company said in a press release, and covers data points such as price, interest, financing rates, expiry dates and trading volume.
Listed derivatives can also be viewed in three different ways, including isolating products from certain trades.
CoinGecko Chief Executive Officer TM Lee said the company plans to add other indicators, including options and leverage tokens offered by various stock exchanges:
"We hope to give traders more data than they can use to make more informed decisions. We are excited about the growth potential of cryptographic derivatives and look forward to further democratizing data access while continuing to engage in the maturation of the digital resource space. "
The service does not yet list the products of notable derivatives suppliers such as CME and Bakkt. The company told CoinDesk that the need for a reliable API for the data was not needed and that the exchanges would probably be added soon.
The new CoinGecko dataset follows the revision in September of the Trust Score metric for trade transparency. Initially launched in May 2019, Trust Score was a response to a report by the financial firm Bitwise that 95% of cryptographic exchanges were involved in wash operations or other methods of obfuscating actual trading volumes.
With its new offering, CoinGecko joins the Skew Data Provider as one of the few services to offer traders a simple way to monitor cryptocurrency derivatives. The company launched its skewAnalytics service at the end of September after announcing the launch of $ 2 million in seed funding from venture capital firms, including Kleiner Perkins.
Image of Bobby Ong's co-founder by CoinGecko via CoinDesk Archive