- CryptoCompare partnered with Nasdaq to provide cryptocurrency reference prices to their Quadl platform.
- CryptoCompare has also partnered with BitMEX and Thomson Reuters.
Nasdaq to Source Crypto Pricing Data from CryptoCompare
Nasdaq is in charge of the Quandl platform, which is a platform designed to store the financial data of institutional investors. However, the platform will now have a new feature – cryptocurrency reference prices.
According to multiple reports, Nasdaq has decided to partner with CryptoCompare to provide this helpful information, guiding institutional investors to the most liquid digital assets with prices updating every minute.
The product from this partnership uses CryptoCompare’s datasets as the basis, which includes information from cryptocurrency trade, order book, historical, social, and blockchain data. Many investors that are eyeing the cryptocurrency market are trying to find data that is based on quantitative research, according to Daily Hodl.
Considering how much false information has been circulated – like wash trading, fake volumes, and other ways that the market is manipulated – the implementation of CryptoCompare’s market data provides a sense of legitimacy.
The CEO of CryptoCompare, Charles Hayter, commented,
“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 Also Partners with BitMEX
Along with this collaboration with Nasdaq, CryptoCompare recently got involved with BitMEX as well, offering cryptocurrency futures data to institutional investors. On the new partnership, CEO Arthur Hayes of BitMEX commented that the key to making good decisions in the market is to have “solid data insights.”
“We are pleased to deliver a new wealth of data on cryptocurrency futures for institutional investors that can contribute to their overall confidence throughout their decision-making process.”
Last year, CryptoCompare partnered with Thomson Reuters, providing them with market data for a computer program called Eikon, which focuses on financial system. The dataset, which will be available in real time, will be added to the Refinitiv Eikon terminal.