Nasdaq to launch Bitcoin Futures
Leading Cryptocurrency index and data provider CryptoCompare announced its partnership with the second largest exchange in the US Nasdaq on Tuesday. As part of the partnership, CryptoCompare will be providing a Cryptocurrency pricing product which will be made available on Quandl, a Nasdaq owned data platform for professional investors.
According to a press release shared with Blockmanity, “The new product will enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source.”
The new data sets released by the Nasdaq and CryptoCompare partnership is intended to enhance institutional capabilities in the “cryptocurrency markets across trading strategy, quantitative research, risk modeling, NAV calculations, and back-testing.”
Charles Hayter, Co-Founder and CEO of CryptoCompare, said:
“We are delighted to partner with Nasdaq on a joint Aggregate Crypto Reference Prices product. Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”
There is a lack of quality and standardized data in the Crypto markets, a recent report by Bitwise suggests that 95% of the trading volume reported on Coinmarketcap is fake. Institutional investors would require high quality and accurate data to take the best investment decisions, Nasdaq seems to be taking the initiative towards achieving better price discovery in the Crypto space.
Nasdaq is already deep into Crypto powering 7 exchanges with its technology, it is also rumored to launch its own Crypto exchange service in 2019.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Geopolitical events often send shockwaves through financial systems. The ongoing is no exception, and it…
The idea that blockchain will change how financial markets work has been around for years.…
South Korea's crypto scene is changing fast. What started as a playground for everyday traders…
Bitcoin Has Seen Many Low Points But One Signal Keeps Appearing Bitcoin price moves in…
NEAR Protocol's AI Turn: Could It Become the ? The crypto market faces tough times…
OKX 2026 Review: Fees, Security, and Trading Features Explained OKX has grown into one of…