The Nomics the made the announcement in press release published on February 6. The pricing data provider announced that that decentralized exchange (DEX) BitShares has completed a ‘deep data integration’ with the platform and earned an A+ Transparency Rating.
With the integration, BitShares data provided on Nomics is fully authentic that meets the highest standards of reliability, consistency, and data integrity. The press release reads:
“As an A+ Verified Exchange, BitShares receives a badge signifying that it is “fully transparent” with respect to trade data granularity and history. The badge appears next to BitShares on the Nomics.com exchange index page and alongside every offered exchange market.”
According to Nomics, the BitShares market data is available to users of its website and “users of the Nomics commercial API also get access to every trade for every BitShares trading pair dating back to the inception of those markets.”
Nomics, based in Boston and Minneapolis, is an API-first crypto asset data company delivering professional-grade market data APIs to institutional crypto investors and exchanges. The company offers products and services that allow funds, fintech apps, and exchanges to access clean, normalized and gapless primary source trade and order book data.
Clay Collin, chief executive officer of Nomics, commented:
“By many credible accounts, BitShares is the first decentralized crypto exchange to operate at scale. Given the exchange’s importance to the ecosystem, we’re pleased to have them as one of our premier exchange partners. BitShares will be listed on our crypto exchanges index as an A+ Verified Exchange, where it will join other top-rated DEXs like SparkDEX, IDEX, and Switcheo.”
BitShares, based in Virginia, United States, is a decentralized crypto exchange founded in 2013. It also a group of distributed autonomous companies that provides multiple opportunities for people to earn by sharing information on anything, including music, inventions, news articles, insurance, or currency speculation.
The exchange claims to have block confirmation speed of 3 seconds, and on average 1.5 seconds. It also offers a Delegated Proof of Stake (DPOS) security feature which, according to its website, is virtually impossible to hack, as it would involve taking out many active and backup, global, trusted delegates.
As Crypto Economy reported, BitShares made it mandatory for all its users to submit their details to verify their KYC checks amid the 5th EU Anti-Money Laundering Directive (AMLD5).