Monthly Product Updates

‍Trade Data Product Updates

This July, our focus has been on enhancing the quality, reliability, and breadth of our trade data products. We’ve addressed nuanced data quality issues across several key exchanges and continued to expand our market coverage with new integrations and API upgrades. These updates ensure our clients have access to the most accurate and comprehensive datasets to power their strategies.

Key Enhancements in Data Quality and Reliability

Our commitment to providing the highest quality data involves continuous monitoring and refinement. This month, we resolved several specific issues to improve the accuracy and completeness of our feeds.

Standardised Instrument Naming for Kraken & Binance.US: We have completed cleanup projects for both Kraken and Binance.US to unify duplicate instrument listings. For Binance.US, we consolidated historical data from the legacy USD4 quote currency into the current USD standard, removing the redundant listings. Similarly, for Kraken, we have removed alternate instrument names (e.g., XBTUSD) to ensure all data is consistently available under the official instrument name (XXBTZUSD), simplifying data consumption and analysis for our clients.
Deribit Options Coverage: We resolved an issue where newly listed Deribit options were not being picked up by our instrument service frequently enough, sometimes causing them to expire before being added to our system. The service has been updated to ensure all new instruments are captured immediately, guaranteeing complete coverage of Deribit’s options markets.

Expanding Your Access: New Integrations and API Upgrades

New Exchange Integration: Toobit (Spot): At the request of our clients, we have successfully integrated spot market data for Toobit. The exchange is now live, with trade data available via our real-time websocket service.
Coinex V2 API Upgrade: In response to client demand for newly listed tokens, we have upgraded our CoinEx integration from their V1 to V2 API. This proactive upgrade ensures we continue to capture all newly listed instruments, which were no longer available on the V1 API, providing uninterrupted and complete coverage.

Order Book Data Product Updates

This month, we are highlighting our powerful new derivatives capabilities alongside significant performance and reliability enhancements to our real-time feeds. Our focus has been on providing deeper market insights and ensuring our clients receive the fastest, most stable data possible.

Spotlight on Futures Order Book Replay

Following last month's successful launch, our Futures Order Book Replay product continues to empower clients with powerful analytical tools for derivatives markets. This service provides verifiable, historical Level 2 market data, allowing you to replay past market events with precision. It is an essential tool for institutional clients looking to perform robust backtesting on trading strategies, conduct deep analysis of historical market structure, and meet compliance requirements with ease.

Performance and Reliability Upgrades

We have made significant improvements to the speed and stability of our real-time order book feeds.

Faster Binance Snapshots: We have addressed a performance bottleneck in our Binance integration that was causing delays during service startups. By optimizing our subscription and snapshot request logic, instruments now connect and receive their initial snapshots significantly faster, reducing latency and improving your time-to-data.
Real-Time Feed Stability: We identified and fixed a race condition within our real-time order book service, which improves the overall stability of the feed, ensuring a more robust and reliable service for all users. We also resolved an issue where initial L1 snapshots for some instruments could occasionally be empty, further enhancing the reliability of our real-time data.

New Analytics & Data Quality Enhancements

Deeper Liquidity Insights: We have added the BEST_{BID|ASK}_QUOTE_QUANTITY fields to our middleware metrics responses. This enhancement provides a clearer view of the market by showing the actual value in quote currency available at the top of the book, offering a more precise measure of accessible liquidity.
OKX Futures Data Consistency: Following a recent update to our trade data calculations for OKX Futures, we have adjusted our Minute Order Book calculations to match. This alignment ensures perfect consistency in how
NUMBER_OF_CONTRACTS is handled between our Trade and Orderbook products, providing a more holistic and accurate view of the market.

Asset Metadata Product Updates

Asset Listings Expansion

Added over 150 new crypto-assets to the platform and refreshed core metadata for a further over 200 existing assets. These updates improve breadth of coverage for emerging projects while ensuring that high-volume, high-profile tokens remain current and accurate.

Introduction of “Asset Status” Taxonomy

A new categorical field — Asset Status — was designed, implemented, and rolled out across the asset database to capture each project’s operational state:

Active – fully operational, actively developed and maintained.
Deprecated – no longer developed but infrastructure continues to function.
Migrating – undergoing token or chain migration; limited utility in current form.

Discontinued – project permanently ceased or completed migration.

On-Chain Product Updates

Our on-chain capabilities continue to grow, with a focus on providing complete and accurate historical data for key DEXs.

Arbitrum DEX Data Backfilled: We have completed a large-scale backfill operation for DEXs on the Arbitrum network. This effort ensures that our clients now have access to a complete historical dataset for analysis and back-testing on this leading Layer 2.
Improved DEX Instrument Metadata: We resolved a bug that was causing missing metadata for certain Curve and Balancer V2 instruments that have multiple token pairs associated with a single liquidity pool. This fix ensures all relevant instrument data is accurately captured and available via our APIs.
Uniswap V3 on Base: We identified and fixed an issue where a new, non-standard market fee on some Uniswap V3 (Base) instruments was causing trades to be discarded. We have since backfilled the affected data, ensuring a complete and accurate trade history.

Research Product Updates

‍Protocol Research Launch - Tron Primer:

This month, we published a new commissioned research report spotlighting Tron’s growing dominance in global stablecoin settlement, with a particular focus on its role in emerging markets. The report analyses the underlying infrastructure driving this growth, from decentralised lending platforms like JustLend to Tron-native assets like stUSDT and USDD, and explores how the ecosystem is evolving through Bitcoin L2 integrations and real-world asset (RWA) initiatives.
Through an evidence-led, narrative-driven approach, the report positions Tron as a critical piece of the onchain financial system, offering insight for institutional participants tracking the expansion of stablecoin rails and infrastructure across underserved geographies.

‍Exchange Market Data Deep-Dive - Bitget

This month also saw the completion of a commissioned Market Data Deep Dive focused on Bitget, using CoinDesk Data’s proprietary infrastructure to analyse exchange-level activity with high granularity. The report offers a comparative benchmarking framework, enabling readers to assess Bitget’s performance across thousands of trading pairs and market sectors.
Through a data-led case study, the report reveals Bitget’s strategic edge in areas often overlooked by headline metrics; including volume leadership across specific altcoins, the rising utility and traction of its native token BGB, and nuanced indicators like asset stickiness, volume concentration, and trader behaviour over time.
Designed for exchanges, allocators, and market infrastructure providers, the report demonstrates how structured, normalised data can surface underappreciated trends, offering a clearer view into platform resilience, asset-level traction, and trading consistency.

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