AAX, a leading cryptocurrency exchange for institutional investors, has partnered with analysis provider The Tie to add more tools for users, Invezz learned from a press release. The integration will be finalized by the end of January.
Through the partnership, AAX will be able to provide more detailed analysis of crypto markets based on volume alerts, quantified sentiment analytics, and reliable news feeds.
Valuable, real-time news feeds
AAX will be able to source these from mainstream media, crypto news outlets, and financial publications for each asset they offer. The feed will reflect critical market-moving events such as air drops, token burns, partnerships, exchange listings, and staking announcements that can lead to rapid price surges.
Enhanced crypto intelligence tools
A second feed will provide even more enhanced crypto intelligence tools, customized for individual users and showing relevant asset news.
Unique sentiment score
The score will present differences between positive and negative market sentiment. It will be measured across more than 130 crypto assets and will evaluate the market sentiment over the past day compared with the sentiment score of the last 20 days. Each token will get a score between 0-100 reflecting investors’ enthusiasm about it or lack thereof.
Ben Caselin, Head of Research and Strategy at AAX, said:
With this partnership, AAX is further able to deliver on its core mission to level the playing field for investors in crypto and give users on our platform the most empowering trading experience. Tying up with The Tie is also part of our broader strategy to position our platform at the heart of society, not just to stay on top of significant trends, but also to evolve our vision and engage the public in a more informed manner.
Joshua Frank, Cofounder and CEO of The TIE, added:
We are very excited to partner with AAX to bring The TIE’s institutional grade crypto analytics to a broader audience. Crypto is about the democratization of finance – and with this partnership our data is now available to millions of traders around the globe.
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