The Nasdaq Stock Exchange, together with CryptoCompare, presented a new financial instrument called the Nasdaq / CryptoCompare Aggregate Crypto Reference Prices – it will allow institutional investors to track price data on the crypto market.
The new service will be available to users of the Quandl platform, which is owned by the US Nasdaq exchange. The new product is expected to help institutionalists develop their own strategies when interacting with digital assets, as well as calculating the risks associated with their decisions.
According to a press release, CryptoCompare aims to track price indicators for over 150 trading platforms, and also monitors more than 5,800 coins and 270,000 currency pairs. Charles Hayter, co-founder of CryptoCompare, drew attention to the fact that data reliability is the main component of markets that are transparent and liquid. The CryptoCompare team is ready to provide a lot of advantages on the Quandl platform, which will allow investors and traders to more effectively engage in crypto-activities.
