Nasdaq Inc. which is the owner-operators of the second largest stock market in the world which is the NASDAQ stock market, has been seen calling for cryptocurrency data – specifically from the cryptocurrency tracker site CryptoCompare and its platform.
As a press release shared on Tuesday by CryptoCompare notes, the site had already partnered with Nasdaq Inc. which operates numerous other large platforms including the Stockholm Stock Exchange, the Helsinki Stock Exchange, and the Copenhagen’s Stock Exchange. The latest cryptocurrency news show that CryptoCompare will work alongside Nasdaq to create a new product for valuing cryptocurrencies.
Named the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices tracker, this product will come to Quandl, which is a platorm owned by Nasdaq Inc. and designed by its creators to be a “premier source for financial, economic and alternative datasets.”
Billed as a way to help institutions delve deeper into the crypto economy, many best cryptocurrency news sites described Quandl as a step forward towards mainstream adoption for the top cryptocurrencies.
“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,” the official release noted.
As the coming altcoin news show, CryptoCompare and its accurate information have attracted Nasdaq Inc. to give its customers the most comprehensive assortment of the crypto-economic information possible.
In fact, Nasdaq’s website’s CEO Charles Hayter confirmed this and said:
“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.”
Meanwhile, CryptoCompare is reportedly in a lot of news this week. On Monday, it announced that it partnered with the popular crypto derivatives platform BitMEX. This collaboration will see the tracker site delivering the exchange’s cryptocurrency futures data to the Refinitiv Eikon market products suite.
The CEO of BitMEX, Arthur Hayes, said that the company is 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.”
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