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Nasdaq, CryptoCompare, Launch Market Data Product

Cryptocurrency data provider CryptoCompare, and exchange group Nasdaq, have announced a strategic partnership to launch a cryptocurrency pricing product, the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices. The product will be made available on Quandl, a Nasdaq owned data platform.

The firms say the new product will enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source. The new service will enhance institutional capabilities in the cryptocurrency markets across trading strategy, quantitative research, risk modelling, NAV calculations and back-testing, they add. Based on CryptoCompare’s aggregate index datasets, the product will provide minute-by-minute pricing data for the most liquid cryptocurrency markets.

“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,” says Charles Hayter, co-founder and CEO of CryptoCompare.

Colin Lambert

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