SIX will present digital asset information to its purchasers through the identical supply channels as its main reference, pricing, company actions, regulatory, tax and ESG information.
SIX has made CryptoCompare’s cryptocurrency information obtainable for its broad buyer base as a part of its efforts to additional strengthen their actions in digital asset markets.
The combination of CryptoCompare’s information feed extends SIX’s protection to greater than 85% of all cryptocurrency market actions worldwide.
CryptoCompare is a UK-based digital asset market information supplier that aggregates information from over 300 venues globally and boasts a broad protection of reference and pricing information for cryptocurrency and fiat-based buying and selling pairs.
The important thing third-party cryptocurrency information supplier has now been onboarded to SIX’s distribution channels.
Pricing, order e book, and crypto derivatives information
SIX now offers real-time and historic pricing information, order e book and crypto derivatives information constructed on CryptoCompare’s proprietary combination pricing methodology.
The mixture pricing methodology relies on a 24-hour volume-weighted common calculation, time-penalty issue and outlier methodology to point out one of the best value estimation for cryptocurrency merchants and traders to worth their portfolio at any time.
The combination of CryptoCompare’s crypto feed is available in good timing as regulatory our bodies are putting digital belongings beneath better scrutiny to guard traders and guarantee transparency in these markets. EU’s regulator ESMA has just lately launched the Markets in Crypto-assets (MiCA) Regulation.
CryptoCompare’s huge protection of cryptocurrency markets and ease of integration by a single API supply have been two essential components that led to the mixing which is able to allow SIX to offer digital asset information through the identical supply channels as its main reference, pricing, company actions, regulatory, tax and ESG information.
Serving to purchasers notice alternatives and handle dangers in crypto markets
Berta Ares Lomban, Head Digital Property Monetary Info at SIX, stated: “By way of this collaboration with CryptoCompare, we’re serving to our prospects navigate the digital belongings markets. Our purchasers will be capable of entry the knowledge they should notice the alternatives and handle the dangers in cryptocurrency markets, in addition to adjust to rising rules, by a trusted and dependable information associate.”
Charles Hayter, CEO and Co-Founding father of CryptoCompare, commented: “CryptoCompare is delighted to work with SIX to offer its purchasers with high-quality and wide-ranging digital asset information, constructed upon our market-leading methodologies that safeguard information integrity. We sit up for advancing our relationship with SIX, helping as the corporate explores new alternatives to satisfy the rising urge for food of their purchasers for digital belongings publicity .”