Nasdaq’s new partnership with CryptoCompare introduces new crypto pricing service

  • CryptoCompare’s aggregate provides minute-by-minute pricing data using data from crypto exchanges.
  • Reliable data will give institutional clients a competitive edge in the industry.

Nasdaq, one of the leading stock exchanges in the world has partnered with CryptoCompare, a cryptocurrency data provider. The collaboration will see both companies come up with a new crypto pricing product designed to cater to institutional traders.

The pricing product has been named the “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices.” It will run on Nasdaq’s Qandl, a platform that offers financial and economic alternative datasets currently with more than 400,000 financial professionals around the world.

The pricing service will use the data from CryptoCompare’s aggregate index datasets. The aggregate provides minute-by-minute pricing data using data from crypto exchanges that command the highest liquidity. It will promote institutional investors presence on the markets using “trading strategy, quantitative research, risk modelling, NAV calculations and back-testing.”

The CEO of CryptoCompare Charles Hayter said in an official statement that “reliable data is the bedrock of transparent, liquid markets.” This reliable data will give institutional clients a competitive edge in the industry.

 

BEST BROKERS TO TRADE CRYPTO

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.