A Nasdaq-owned fiscal details system for institutional buyers is including cryptocurrency reference charges.
Nasdaq’s Quandl system will source its rate data from cryptocurrency rate and indices supplier CryptoCompare. Based on CryptoCompare’s aggregate index datasets, the product or service will supply up-to-date pricing details for the “most liquid” cryptocurrency marketplaces, in accordance to a press release revealed Tuesday.
Nasdaq and CryptoCompare have agreed a strategic partnership for the new services, called the Nasdaq/CryptoCompare Combination Crypto Reference Charges.
Charles Hayter, CryptoCompare’s co-founder and CEO, mentioned:
“We are delighted to spouse with Nasdaq on a joint Combination Crypto Reference Charges product or service. Trustworthy details is the bedrock of transparent, liquid marketplaces and by bringing our significant top quality, granular dataset to a world institutional consumer foundation, by using the Quandl system, we will give traders and buyers a competitive edge.”
Quandl provides institutional buyers these as hedge money, asset supervisors and financial commitment banks with fiscal, economic and other datasets.
The new details product or service will empower institutional buyers to keep an eye on crypto assets and gauge financial commitment opportunities employing a “trusted details source,” in accordance to the release. The reference charges will, it added, strengthen institutional capabilities in the cryptocurrency marketplaces throughout investing approach, quantitative research, risk modelling, NAV calculations and back again-tests.
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