On Tuesday (June 11), CryptoCompare, the "leading provider of cryptocurrency data and indices," and Nasdaq, "a leading global provider of trading, clearing, exchange technology, listing, information and public company services", announced a strategic partnership to launch a new cryptocurrency pricing product: "Nasdaq/CryptoCompare Aggregate Reference Prices". This product will be available on the Nasdaq-owned platform Quandl, which is billed as a "premier source for financial, economic, and alternative datasets, serving investment professionals."
According to the press release shared with CryptoGlobe, "Nasdaq/CryptoCompare Aggregate Reference Prices" will "enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source." It 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 being launched today will "provide minute-by-minute pricing data for the most liquid cryptocurrency markets." The data set will be delivered on a daily basis with an intraday data frequency, covering 140+ of the most liquid cryptocurrency trading pairs.