Jun 12, 2019 08:15
Nasdaq and CryptoCompare to Co-launch Crypto Pricing Service

© Reuters.

Nasdaq and crypto data provider CryptoCompare inked a partnership to launch a cryptocurrency pricing product for institutional investors.

Known as “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices”, the product will use CryptoCompare’s aggregate index datasets to provide minute-by-minute pricing data for over 400,000 financial professionals globally. It will run on Nasdaq’s Qandl.

The move aims to enhance institutional investors’ capabilities in the crypto markets, across “trading strategy, quantitative research, risk modelling, NAV calculations and back-testing.”

Charles Hayter, CEO of CryptoCompare, said “reliable data is the bedrock of transparent, liquid markets.”

Prices of major cryptocurrencies were mixed on Wednesday morning in Asia. The total market cap dropped slightly to $253.1 billion from $254.3 billion the day before.

Bitcoin slid 0.94% to $7,945.9 by 12:57 PM ET (04:57  GMT). Though the coin was down this morning, it was still testing the $8,000 level.

Ethereum added 0.18% to $246.43, XRP dropped 1.40% to $0.39348, and Litecoinwas up 6.73% to $138.98.

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