CryptoCompare, a leading provider of cryptocurrency data and indices, and NASDAQ are coming together to launch a new cryptocurrency pricing product – “Nasdaq/CryptoCompare Aggregate Reference Prices.” The product will be available on Quandl, a platform owned by NASDAQ. Quandl provides financial, economic, and alternative databases, and serves investment professionals.

The support of this platform will enable institutional investors to keep a tab on nascent asset classes and also keep a note on investment opportunities, using trusted data sources. With this, institutions will be able to have a better understanding of the crypto-market when it comes to quantitative research, NAV calculations and more.

The product, which is based on index datasets of CryptoCompare, will “provide minute-by-minute pricing data for the most liquid cryptocurrency markets.”

Charles Hayter, Co-founder and CEO, CryptoCompare said,

 “We are delighted to partner with NASDAQ on a joint Aggregate 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.”

CryptoCompare provides real-time cryptocurrency market data on 5,982 crypto-assets and over 277,744 trading pairs. The data is also provided to media outlets such as Yahoo Finance, Thomson Reuters and many others.

CryptoCompare was previously in the news after it announced a collaboration with BitMEX to build a crypto-futures dataset.

The post CryptoCompare shakes hands with NASDAQ; will launch new pricing product for cryptocurrencies appeared first on AMBCrypto.

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