CryptoCompare, a provider of cryptocurrency data and indices, and Nasdaq, have formed 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 and source of financial, economic and alternative datasets for institutional investors.
The new product will enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source. The Nasdaq/CryptoCompare Aggregate Crypto Reference Prices 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 will provide minute-by-minute pricing data for the most liquid cryptocurrency markets.
Charles Hayter, Co-Founder and CEO of CryptoCompare, says: “We are delighted to partner with Nasdaq on a joint Aggregate Crypto 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’s datasets – spanning cryptocurrency trade, order book, historical, social and blockchain data – are the most granular in the industry and include historical data since 2013. The company also offers a family of cryptocurrency indices, white-labelled indices and bespoke data products. By aggregating and analysing tick data from more than 150 globally recognised exchanges, and regularly reviewing these to ensure data integrity, CryptoCompare provides a unique, reliable and comprehensive overview of the cryptocurrency markets.
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