When it comes to institutional investors there are still a lot of hurdles for some of them. E.g. the data feeds, something like the Bloomberg terminal in addition with cryptocurrency data. Since Bloomberg does use some data, like the TOP10 of Huobis price index, but not much more, it is a serious weakness of their service bandwith. Now a competitor (Refinitiv) plans to tackle this weakness of Bloomberg to get an edge in a very important and stark growing market of the future: Institutional Bitcoin investors.
Refinitiv is a company owned by the Blackstone Group LP (55%) and Thomson Reuters (45%). They made $6.1B revenue in 2017 and have 18,500 employees. Their “Eikon Terminal” is a direct competitor to the Bloomberg terminal through a new collaboration with the infamous BitMEX exchange.