Nasdaq, CryptoCompare collaborate to launch new cryptocurrency pricing product

Crypto data and indices provider CryptoCompare, in partnership with Nasdaq, has announced a new cryptocurrency pricing product.

Called the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices, the product will be available on Quandl, a Nasdaq-owned data platform providing financial, economic and alternative datasets.

The product will enable institutional investors to monitor digital assets and assess investment opportunities. It will boost institutional capabilities in the cryptocurrency markets across trading strategy, quantitative research, risk modelling, NAV calculations and back-testing, 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,” Charles Hayter, Co-Founder and CEO of CryptoCompare, said.

Founded in 2014, CryptoCompare provides real-time market and pricing data on cryptocurrencies. It aggregates and analyzes tick data from over 150 globally recognized exchanges, seamlessly integrating different datasets in the cryptocurrency price, and provides a comprehensive, holistic overview of the market.

Based on CryptoCompare’s aggregate index datasets, the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices will provide minute-by-minute pricing data for the most liquid cryptocurrency markets, the press release said.

Last July, Thomson Reuters partnered with CryptoCompare to supply cryptocurrency data for 50 coins into its financial desktop platform Eikon.