CoinDesk Brings CCData and CryptoCompare on Board for Data Services

CoinDesk, a media and data company in the cryptocurrency
sector, has acquired CCData, a UK FCA-regulated administrator. CCData is known
for providing digital asset data and index solutions. This includes
CryptoCompare, a popular retail site with over 300,000 active users.

The acquisition aims to enhance CoinDesk’s information
services and data products. It also presents cross-selling opportunities for
CCData and CryptoCompare, which serve a broad range of institutional and retail
clients.

CoinDesk Media Reaches 45.5 Million

CoinDesk Media provides news, analysis, and real-time
insights related to digital assets and blockchain technology. The company’s
events attract professionals from the industry. During the first half of 2024,
CoinDesk Media’s products and services reached an estimated audience of 45.5
million people.

Since its inception in 2014, CoinDesk Indices has played a
notable role in the digital asset market. According to the company, it has facilitated
investment with tens of billions of dollars in benchmarked assets.

Its flagship products include the CoinDesk Bitcoin Price
Index (XBX) and the CoinDesk 20 Index, both of which have established industry
standards for measuring and trading digital assets. The recently launched
CoinDesk 20 perpetual futures contract has garnered significant institutional
interest, resulting in a trading volume exceeding $8 billion.

“Over the past ten years, CCData has become one of the
most respected and reliable data platforms for digital assets, earning the
trust of numerous users seeking to understand and leverage their
potential,” said Sara Stratoberdha, CoinDesk CEO.

🚨Breaking: CoinDesk has acquired CCData and its retail branch, CryptoCompare, which serves more than 300,000 active users.Source: @CoinDesk #CoinPedia #CryptoNews #Blockchain pic.twitter.com/kmgXIvSZ1I

— Coinpedia (@CoinpediaNews) October 16, 2024

Integrating with CCData Platform

CCData offers institutional-grade data solutions, a digital
asset index suite, and research aimed at government and institutional clients,
as well as retail investors.

The integration of CCData’s data platform and CryptoCompare
into CoinDesk is expected to enhance its data offerings, increase subscription
revenues, and complement existing solutions from CoinDesk Indices and CoinDesk
Media.

This article was written by Tareq Sikder at www.financemagnates.com.