As a seasoned crypto investor with over a decade of experience navigating the turbulent seas of the digital asset market, this recent acquisition by CoinDesk of CCData and its retail arm, CryptoCompare, strikes me as a prudent and strategic move. Over the years, I’ve relied on CCData to help me make informed decisions in an industry notorious for its volatility and lack of transparency. The integration of their robust platform into CoinDesk’s existing products could potentially unlock a wealth of opportunities for investors like myself.
CoinDesk recently revealed that they have taken over both CCData, a service offering crypto data, and its consumer-oriented branch, CryptoCompare. The main goal behind this acquisition is to broaden CoinDesk’s market presence by incorporating the powerful CCData platform into their existing product lineup.
CCData boasts more than 300,000 users and provides tools tailored for regular investors, which could aid a media company in expanding its market presence. According to CoinDesk CEO Sara Stratoberdha, CCData has ascended to be one of the leading data providers in the digital asset sector over the past decade. Through the years, numerous individuals have relied on it to grasp the intricacies of cryptocurrency. In her words:
For a decade now, CCData has built a strong reputation as a dependable and esteemed platform for digital asset data. This trust is earned daily by countless users who rely on it to comprehend and maximize the value of these assets.
She noted they’re eager to incorporate CCData’s robust data platform and retail tools into CoinDesk’s existing offerings and services. She thinks this integration will unlock new possibilities for their clients.
She expressed her excitement about the process of incorporating CCData’s reliable, strong, and credible data platform and retail solutions into CoinDesk’s current offerings and functionalities. This integration is intended to provide more possibilities for our clients.
This year, CoinDesk introduced its own CoinDesk 20 index – a comprehensive evaluation tool for the cryptocurrency market, much like the S&P 500 and Dow Jones Industrial Average are for traditional stocks. The incorporation of CCData’s services is anticipated to boost the precision and dependability of CoinDesk’s data supplies.
Enhancing Data Offerings
Charles Hayter, CEO of CCData, is thrilled to partner with CoinDesk, recognizing it as a key player in the digital asset market. He’s also proud of the achievements made by CCData and CryptoCompare over time.
As a researcher in the digital asset sector, I am tremendously proud of what CoinDesk has achieved over the past decade. From its esteemed journalism to its thriving index business, it stands as a cornerstone of our industry. Partnering with CoinDesk, I am confident that CCData and CryptoCompare will continue to create a lasting legacy that strengthens and uplifts both our clients and the broader crypto community.
Bullish, CoinDesk’s parent company, offers perpetual features based on the CD20 index. Top companies such as GSR have executed option trades linked to it.
Additionally, Onramp Invest now offers the CD20 index within their services, enabling Registered Investment Advisors (RIAs) to employ it as a benchmark for assessing the performance of digital assets in reviewing their clients’ investment portfolios.
Under this fresh agreement, CoinDesk aspires to emerge as a leading authority on cryptocurrency knowledge and offer enhanced resources for users to grasp digital assets more effectively.
Read More
- What Are Silo 18’s Tunnels Connected To? Juliette’s Silo 17?
- ARB PREDICTION. ARB cryptocurrency
- W PREDICTION. W cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- Is there preload for Path of Exile 2? Yes, but with a few caveats
- LDO PREDICTION. LDO cryptocurrency
- STEEM PREDICTION. STEEM cryptocurrency
- XVG PREDICTION. XVG cryptocurrency
- EUR NZD PREDICTION
- XDC PREDICTION. XDC cryptocurrency
2024-10-16 17:56