CryptoCompare Launches Real-Time Market Data Streaming Product

Francisco Memoria

Leading cryptoasset data provider CryptoCompare has launched a real-time market data streaming product that can be accessed via a WebSocket connection.

The new product, according to a press release, offers real-time trade, ticker, volume, and level 2 orderbook data, along with OHLC candles and a subscription to the CryptoCompare Aggregate Index (CCAGGG).

The co-founder and CTO of the company, Vlad Cealicu, said:

The new, revamped streaming API offers clients the best real-time data available in the digital asset ecosystem. We are proud to be providing one of the foundations necessary to further establish this asset class as the industry moves forward.

The new real-time data streaming product offers users access to over 50,000 trading pairs across more than 170 cryptocurrency exchanges. It can be used to build trading algorithms, conduct research, or develop applications.

CryptoCompare has provided an API documentation page for users to test the data feed and learn more about it. The firm, it’s worth noting, recently hosted the CryptoCompare Digital Asset Summit, Europe’s leading digital asset conference.

During the event, Tether CTO Paolo Ardoino revealed that Tether wants the USDt stablecoin to be leading one in the decentralized finance (DeFi) space and noted that Tether is partnering up with DeFi protocols to help improve the space’s liquidity.

The event also saw Dr. Ulli Spankowski, Boerse Stuttgart's chief digital officer, reveal that the EU’s fifth anti-money laundering directive (AMLD5) actually helped increase institutional interest in the cryptocurrency space.

Featured image by Chris Liverani on Unsplash