Nasdaq has signed a partnership with CryptoCompare to integrate crypto prices into its Quandl financial information platform.
The official announcement was made by CryptoCompare, stating that this new product will allow institutional investors to monitor the emerging class of digital assets through a reliable data source, so as to assess investment opportunities in the industry.
The service, in fact, is aimed at users of the Quandl platform, which include Nasdaq’s institutional clients, and aims to improve the understanding of these large institutional investors about the cryptocurrency markets, in particular to develop trading strategies, quantitative research, risk modelling, NAV calculations and retrospective testing.
Clients who use the Quandl platform to learn about data from the financial markets include hedge funds, asset managers and investment banks.
The product will be based on CryptoCompare’s aggregated datasets and will provide price data on cryptocurrencies by the minute, for the most liquid crypto markets.
These data sets also cover orders, historical series from 2013, and information extracted from blockchains or the social context, from over 150 globally recognised exchanges, and regularly checked to ensure their integrity, with over 5,800 coins and 270,000 exchange pairs monitored.
Charles Hayter, co-founder and CEO of CryptoCompare, said:
“We are delighted to partner with Nasdaq on a joint Aggregate Crypto Reference Prices product. 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“.