The Bitfinex exchange has reportedly started trading tokens for Santiment, a data feed platform aiming to reflect on the state of crypto markets.S
The Bitfinex exchange has reportedly started trading tokens for Santiment, a data feed platform aiming to reflect on the state of crypto markets.
SAN token holders can trade against BTC, ETH and USD, as cryptocoinnews.com reported.
“Santiment is delighted to be trading on Bitfinex, the largest digital asset exchange. The launch of SAN trading marks a significant milestone in achieving Santiment’s mission to build the future data feeds for the crypto-markets.”, said Santiment founder Maksim Balashevic.
Santiment claims to be a data and content platform similar to Bloomberg and Thomson Reuters and their role for traditional financial markets.
Santiment offers an open database with objective data feeds that can provide trading advantages and minimize investment risks. In this way, investors may benefit from the platform that is also able to identify and prevent fake crowdsale projects.
“Santiment’s impressive development and partnerships, as well as its highly successful crowdsale, highlights the company’s dedication to innovation and growing the cryptocurrency trading space with unprecedented data access. Bitfinex is proud to partner with Santiment and support our mutual goal to mature and grow faster the nascent crypto data industry.”, as Bitfinex CSO Phil Potter commented, while speaking to cryptocoinnews.com.
Exchanges like Bitfinex, Bittrex and eToro could also use the service. The online media elaborated that asset management platforms like Melonport and ICONOMI could also benefit from the solution.
“Bitfinex will provide margin trading for SAN pairs as the order book creates liquidity. The liquidity will enable users to trade with leverage via funding from the peer-to-peer margin funding platform.”, reads an excerpt from the article published in cryptocoinnews.com.
It is to be seen how the Santiment platform and its data feeds and content streams could assist the crypto space.