Crypto Giant CoinDesk Acquires Leading Data Provider CCData: Boosting Information Services and Scale in the Crypto Economy

CoinDesk, a leading global crypto economy firm, has announced the acquisition of UK-based benchmark administrator CCData. The move is expected to significantly extend CoinDesk’s information services and data products while providing opportunities for cross-selling to CCData and CryptoCompare’s extensive client base. CCData and its retail platform CryptoCompare have a decade-long history of providing robust data solutions and research to digital asset ecosystem players. CoinDesk CEO Sara Stratoberdha expressed excitement over unlocking greater service opportunities for current customers through the incorporation of CCData’s data platform.

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The Defi Comment:

  1. New York and London are key places for the global crypto economy, with multiple companies in this industry, like CoinDesk and CCData, based in these cities.

  2. CoinDesk, originally from New York, is one of the most trusted media, events, indices, and data companies for global crypto, while CCData, based in London, is a U.K. FCA-regulated provider of digital asset data and index solutions.

  3. CoinDesk acquired CCData on October 16, 2024, to enhance its information and data services.

  4. CoinDesk’s Consensus conference is one of the world’s largest and longest-running digital asset events. In 2024, it attracted over 15,000 registrations.

  5. CoinDesk facilitates the trading of tens of billions of dollars in benchmarked assets via its CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index.

  6. CoinDesk’s media offerings reached an estimated audience of 45.5 million people during the first half of 2024.

  7. CCData offers comprehensive market insight across various data types, including trade, derivatives, order book, historical, social, and blockchain data.

  8. Just launched in January 2024, the CoinDesk 20 perpetual futures contract attracted over $8 billion in trading volume.

I don’t own the rights to this content & no infringement intended, CREDIT: The Original Source: cryptocurrencynews.com

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