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, 2024Integrating 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.
