Nasdaq And CryptoCompare Partnered To Launch Cryptocurrency Pricing Product For Institutional Investors
World’s Most popular Exchange Nasdaq and CryptoCompare are partnered together to launch the Cryptocurrency Pricing Product especially for the Institutional Investors reported on 11 June 2019.
As per the report the newly developed product named “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices,” will be available for access by institutional investors on the Nasdaq-owned platform Qandl, that provides financial and economic alternative datasets for over 400,000 financial professionals all around the world.
The newly developed Nasdaq-CryptoCompare pricing product will work on the basis of index datasets of the CryptoCompare.
The product will apparently provide pricing data every minute from the very high liquidity cryptocurrency markets.
According to the press report, the newly developed product main goal is to enhance the capabilities of institutional investors in the cryptocurrency markets regarding the “quantitative research, trading strategy, risk modeling, NAV calculations, and back-testing”.
“reliable data is the bedrock of transparent, liquid markets, and can offer global, institutional investors and traders a competitive edge in the crypto sector”
– CryptoCompare CEO and co-founder, Charles Hayter
Previously, Largest Exchange Nasdaq announced to launch its bitcoin future trading in the starting of 2019, but that was postponed for further development.
