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CoinDesk Buys Crypto Data Provider CCData and CryptoCompare
CoinDesk plans to integrate CCData's platform into its existing products.
Oct 16, 2024, 11:00 a.m.
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- The acquisition will bolster CoinDesk's data offerings, including CoinDesk Indices and the CD20 index.
- CCData is a U.K.-regulated benchmark administrator and one of the leading digital asset data and index solutions providers.
CoinDesk has acquired crypto data provider CCData and its retail arm CryptoCompare, which serves over 300,000 active users, the company announced on Wednesday.
CCData is a U.K.-regulated benchmark administrator and one of the leading digital asset data and index solutions providers.
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“Over the past ten years, CCData has become one of the most respected and reliable data platforms for digital assets, earning the trust of numerous users seeking to understand and leverage their potential,” CoinDesk CEO, Sara Stratoberdha said.
“We are thrilled to begin integrating CCData’s high-quality, robust, and trusted data platform and retail suite across CoinDesk’s existing products and services to unlock greater opportunities for our customers,” she added.
CoinDesk launched the CoinDesk 20 index in January, a broad cryptocurrency market benchmark that aims to be the S&P 500 or Dow Jones Industrial Average of crypto.
Bullish, the owner of CoinDesk, offers perpetual futures based on the CD20, and firms like GSR have executed options trades tied to it. Onramp Invest has integrated the CD20 Index for Registered Investment Advisors, providing a standardized digital asset performance benchmark for portfolio evaluation.
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