A Nasdaq-owned monetary information platform for institutional professionals is including cryptocurrency reference costs.
Nasdaq’s Quandl platform will supply its value data from cryptocurrency value and indices supplier CryptoCompare. Based mostly on CryptoCompare’s mixture index datasets, the product will present up-to-date pricing information for the “most liquid” cryptocurrency markets, in keeping with a press launch printed Tuesday.
Nasdaq and CryptoCompare have agreed a strategic partnership for the brand new service, referred to as the Nasdaq/CryptoCompare Combination Crypto Reference Costs.
Charles Hayter, CryptoCompare’s co-founder and CEO, stated:
“We’re delighted to associate with Nasdaq on a joint Combination Crypto Reference Costs product. Dependable information is the bedrock of clear, liquid markets and by bringing our top quality, granular dataset to a world institutional shopper base, by way of the Quandl platform, we’ll give merchants and buyers a aggressive edge.”
Quandl supplies institutional buyers similar to hedge funds, asset managers and funding banks with monetary, financial and different datasets.
The brand new information product will allow institutional buyers to observe crypto property and gauge funding alternatives utilizing a “trusted information supply,” in keeping with the discharge. The reference costs will, it added, enhance institutional capabilities within the cryptocurrency markets throughout buying and selling technique, quantitative analysis, danger modelling, NAV calculations and back-testing.
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