CoinDesk Buys Crypto Data Provider CCData and CryptoCompare

As a seasoned researcher who has witnessed the evolution of blockchain and cryptocurrencies over the past decade, I am nothing short of ecstatic about CoinDesk’s strategic acquisition of CCData and its retail arm, CryptoCompare. This move not only underscores CoinDesk’s commitment to strengthening its data offerings but also cements their position as a key player in the burgeoning digital asset market.

According to their announcement on Wednesday, CoinDesk has taken over the crypto data provider CCData and its retail branch, CryptoCompare, which caters to more than 300,000 active users.

CCData serves as a benchmark administrator, regulated within the United Kingdom, and ranks among top providers of digital asset data and index solutions.

For a decade now, CCData has built a strong reputation as a trusted and dependable platform for digital asset data, winning the confidence of many users who aim to explore and maximize these assets’ potential, according to CoinDesk CEO, Sara Stratoberdha.

She announced that we will be excitedly combining CCData’s reliable, powerful, and dependable data platform and retail tools with our current offerings at CoinDesk, aiming to create more chances for our clients.

As a cryptocurrency investor, I’ve found myself keeping an eye on the latest developments with the launch of the CoinDesk 20 index back in January. This broad market benchmark is designed to mirror the role that the S&P 500 or Dow Jones Industrial Average plays for traditional markets, serving as a comprehensive gauge of the crypto sector’s performance.

Positive outlook, the proprietor of CoinDesk provides perpetual futures linked to the CD20, and businesses such as GSR have completed option transactions related to it. Onramp Invest has incorporated the CD20 Index for Registered Investment Advisors, creating a standardized digital asset performance benchmark for portfolio assessment purposes.