Cryptocurrency is a virtual currency continuing to disrupt the status quo across the world. With coins and tokens like Bitcoin, Ethereum, and XRP growing in popularity with both retail and seasoned investors, many people have repeatedly seen unprecedented capital gains and losses over short periods of time, with markets often fluctuating as a result of mass speculation and external influencing factors.

To better navigate these volatile conditions, savvy investors review a range of news and data on the ever-changing market to make more informed decisions around their portfolios. Unfortunately, manually scouring through publications and reports can prove impractical, given the sheer volume alone.

By utilising the Nexis® Data+ crypto news API, users can search for, read, and make use of articles, announcements, social media posts, videos, press releases, and other content forms related to blockchain technology and cryptocurrencies. In a fraction of the time, they can make more informed decisions on where they would like to allocate their resources. 

What is a Crypto News API? 

An API (application programming interface) allows you to scrape pertinent data and information from various platforms and databases, and collate it for easy viewing and manipulation in one centralised location. 

You can then refine these tools to focus on whole industries or topic categories. For example, the Nexis® Data+ crypto news API will retrieve a selection of specified data and information on updates in the various crypto markets. The API works by creating an application that interacts with other systems, platforms, and databases, such as websites, blogs and social media.

Cryptocurrency news APIs generally offer access to free market data and trading capabilities for digital currencies and tokens. Because you can integrate these APIs into other software platforms, they are powerful tools for investors who want real-time information about the crypto markets. What’s more, you can improve these APIs with the help of artificial intelligence tools like natural language processing (NLP) and machine learning. Together, these help to further enrich the data provided, offering deeper insights on matters like risk scoring using a sentiment analysis model.  

Together, the Nexis® Data+ cryptocurrency news API will help you:

• Reduce the time required to get up-to-date on market changes
• Measure the risk of existing and future investments
• Gain access to new data & insights that could uncover new, lucrative opportunities 

Crypto News API Uses 

While available to anyone, cryptocurrency news APIs are typically used by professional traders, hedge funds and investment firms. With access to real-time information on price movements, trading volumes, and other key metrics, these APIs can help you stay one step ahead in the fast-paced world of digital currencies. They can also assist firms in incorporating exchange data into their own website to provide more comprehensive market insights to their users (although to do this, they would also need an API connected with an exchange, such as Binance, Gemini, or Tether). 

More advanced features can assist traders running algorithmic models within their systems, as the live pricing can work to trigger the automatic execution of trades once the model itself receives the relevant conditional signal. 

For example, after analysing recent trends, a trader recognises token XYZ from his portfolio may likely drop in the coming days. He believes he knows when the price will peak and sets within his model a trade signal to sell once the API shares information the price has surpassed that point. The trade takes place as soon as possible, ensuring the trader doesn’t delay and miss out on his opportunity.

Further benefits include: 

Time Management

Crypto news APIs save you time and effort in managing your day-to-day affairs. You can quickly access valuable information about market trends, price fluctuations, and other important data related to cryptocurrencies, allowing you to make more informed decisions about investing and managing your portfolio. 

Risk Assessment

Crypto news APIs can also offer increased risk assessment capabilities. By tracking market movements in real-time, these APIs allow you to quickly identify potential risks or opportunities in your investments, helping you stay on top of changes in the cryptocurrency landscape and adjust your strategy accordingly. 

Data Insights

Finally, one of the most valuable benefits of using crypto news APIs is that they can provide you with insights via trend analysis. Your APIs provide a deeper understanding of which coins are performing well and why, again to help you make more informed investments and maximise returns. 

LexisNexis® Solution to Crypto News API 

Whether you're an investor looking for real-time market insights or a developer who wants to add cryptocurrency market data to their software applications, the Nexis® Data+ crypto news API can be a powerful tool.

The selection of manageable and easily implemented data APIs within Nexis® Data+ offer access to industry-leading databases. We aim to save you countless hours in data collection and cleaning, creating more free time to make the right choices for your crypto investments.

Streamline your research and build a more rewarding portfolio with a cryptocurrency news API today. Contact us at LexisNexis® for more information.