On Tuesday (June 11), CryptoCompare, the "leading provider of cryptocurrency data and indices," and Nasdaq, "a leading global provider of trading, clearing, exchange technology, listing, information and public company services", announced a strategic partnership to launch a new cryptocurrency pricing product: "Nasdaq/CryptoCompare Aggregate Crypto Reference Prices". This product will be available on the Nasdaq-owned platform Quandl, which is billed as a "premier source for financial, economic, and alternative datasets, serving investment professionals."
According to the press release shared with CryptoGlobe, "Nasdaq/CryptoCompare Aggregate Crypto Reference Prices" will "enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source." It will "enhance institutional capabilities in the cryptocurrency markets across trading strategy, quantitative research, risk modelling, NAV calculations and back-testing."
Based on CryptoCompare’s aggregate index datasets, the product being launched today will "provide minute-by-minute pricing data for the most liquid cryptocurrency markets." The data set will be delivered on a daily basis with an intraday data frequency, covering 140+ of the most liquid cryptocurrency trading pairs.
Quandl considers this product "premium data". Quandl's premium products are "more correct, more complete, better documented, better organized and updated faster" than its free data feeds because the former are "built and continually maintained by domain experts."
Charles Hayter, Co-Founder and CEO of CryptoCompare, had this to say:
"We are delighted to partner with Nasdaq on a joint Aggregate Reference Prices product. Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”
CryptoCompare, which is headquartered in London, was founded in 2014 by Charles Hayter (CEO) and Vlad Cealicu (CTO). It currently provides retail and institutional investors with reliable real-time cryptocurrency market data on over 5,982 cryptoassets and 277,744 trading pairs and provides data to Yahoo Finance, Thomson Reuters, and VanEck's indices division MVIS.
Quandl, which was founded in 2011, is based in Toronto, Canada, and has Nasdaq as its parent company. Its platform is "used by over 400,000 people, including analysts from the world’s top hedge funds, asset managers and investment banks."
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