As market participants are expanding their digital asset offering, they need access to high quality data This is especially important as regulatory bodies place digital assets under greater scrutiny to protect investors and ensure transparency in these markets,evidenced by ESMA with the introduction of the Markets in Crypto-assets (MiCA) Regulation.
CryptoCompare is a UK-based digital asset market data provider, aggregating data from over 300 venues globally. The company has broad coverage of reference and pricing data for cryptocurrency and fiat-based trading pairs. Through this partnership, SIX now provides real-time and historical pricing data, order book and crypto derivatives data built on CryptoCompare’s proprietary aggregate pricing methodology. This is based on a 24-hour volume-weighted average calculation, time-penalty factor and outlier methodology to show the best price estimation for cryptocurrency traders and investors to value their portfolio at any time.
SIX is continuously evaluating and enabling market needs in regards to digital assetsprovide market participants with high-quality crypto market data, standardized by SIX, the company’s data offering. As such, SIX decided to partner with CryptoCompare due to the company’s vast coverage of cryptocurrency markets and ease of integration through a single API source, enabling SIX to provide digital asset data to its clients via the same delivery channels as its leading reference, pricing, corporate actions, regulatory, tax and ESG data.
Berta Ares Lomban, Head Digital Assets Financial Information at SIX, highlights: “Through this collaboration with CryptoCompare, we are helping our customers navigate the digital assets markets. Our clients will be able to access the information they need to realize the opportunities and manage the risks in cryptocurrency markets, as well as comply with emerging regulations, through a trusted and reliable data partner.”
"CryptoCompare is delighted to work with SIX to provide its clients with high-quality and wide-ranging digital asset data, built upon our market-leading methodologies that safeguard data integrity," says Charles Hayter, CEO and Co-Founder of CryptoCompare. "We look forward to advancing our relationship with SIX, assisting as the company explores new opportunities to meet the growing appetite of their clients for digital assets exposure.”