CoinDesk Buys Crypto Data Provider CCData and CryptoCompare
Summary
CoinDesk has acquired CCData and its retail arm CryptoCompare, serving over 300,000 active users. CCData is a U.K.-regulated benchmark administrator and a leading provider of digital asset data and index solutions. CoinDesk plans to integrate CCData's data platform and retail suite into its existing products and services. CoinDesk launched the CoinDesk 20 index, a broad cryptocurrency market benchmark. Bullish, CoinDesk's owner, offers perpetual futures based on the CD20, and firms like GSR have executed options trades tied to it. Onramp Invest uses the CD20 Index for Registered Investment Advisors for portfolio evaluation.
