One of the popular cryptocurrency data and indices provider – cryptocompare announced to partner with the leading American stock exchange, Nasdaq. The main objective of this partnership is to introduce a cryptocurrency pricing product, the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices.
However, the product will be made available on Quandl. Basically, Quandl is a Nasdaq owned leading-edge data platform and the premier source for financial, economic and alternative datasets.
Charles Hayter, Co-Founder and CEO of CryptoCompare, said:
“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 claims that, the new product shall allow institutional investors to analyse the developing digital asset class and evaluate investment opportunities using a trusted data source. Moreover, This partnership 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.
In Particular, Cryptocompare is a data provider, which provides all the latest streaming pricing data in the world of cryptocurrencies. Moreover, Many Institutional and retail investors depend on this platform. Because it provides real-time, high-quality data spanning 5,800+ coins and 270,000+ currency pairs globally.