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Crypto Funds Weigh Market Data Options on Correlations

  • Data costs could rise to as much as $500,000 per month
  • Wall Street and crypto continue to become more entwined
Cryptocurrencies in the Czech Capital as Traders Assess Stablecoin Fallout
Photographer: Milan Jaros/Bloomberg

In a sign of how close digital and traditional markets have become, cryptocurrency traders can no longer live without knowing what’s happening on stock exchanges. 

Tightening links between price moves in US equities and cryptocurrencies are forcing digital asset hedge funds to consider shelling out for expensive data from stock exchanges and other traditional markets, in a shift from previous years when it was possible for these firms to profit on Bitcoin’s moves without clues from other asset classes.