Stock exchange Nasdaq and crypto data provider CryptoCompare have partnered to release a crypto pricing product targeted at institutional investors

The world’s second-largest stock exchangeNasdaq, and crypto data provider CryptoCompare have partnered to release a cryptocurrency pricing product targeted at institutional investors.

The new product, dubbed the “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices,” will be made available on the Nasdaq-owned platform Qandl — which reportedly provides financial and economic alternative datasets for over 400,000 financial professionals globally.

The new Nasdaq-CryptoCompare pricing product will be based on CryptoCompare’s aggregate index datasets, which provide ostensibly minute-by-minute pricing data from those cryptocurrency markets that have the highest liquidity.

The product aims to enhance institutional investors’ capabilities in the crypto markets, across “trading strategy, quantitative research, risk modelling, NAV calculations and back-testing,” the press release notes.

In an official statement, CryptoCompare CEO and co-founder Charles Hayter has argued that “reliable data is the bedrock of transparent, liquid markets,” and can offer global, institutional investors and traders a competitive edge in the crypto sector.

Also read: Major South Korean bank has signed MoU with Blockchain technology firm Atomics Lab to jointly explore digital asset management and protection solutions

Source: https://cointelegraph.com/news/nasdaq-and-cryptocompare-partner-on-institution-oriented-crypto-pricing-product