Leading cryptocurrency media, events, indices and data provider CoinDesk has announced the acquisition of CCData, a leading UK-based benchmark administrator and a prominent provider of digital asset data and index solutions and CryptoGlobe’s parent company.
The deal includes CryptoCompare, CCData’s retail platform that serves over 300,000 active users and expands CoinDesk’s information services and data products, while bringing enhanced cross-selling opportunities for CCData and CryptoCompare’s extensive client base.
CCData has been providing institutional-grade data solutions, digital asset index suits, and award-winning research to government, institutional, and retail clients for over a decade.
By acquiring CCData’s robust data platform and CryptoCompare’s retail platform, CoinDesk is further bolstering its data offerings, increasing subscription revenues, and complementing its existing suite of solutions offered by CoinDesk Indices and CoinDesk Media.
CoinDesk’s CEO Sara Stratoberdha, said:
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.
Stratoberdha added the firm is “thrilled to begin integrating CCData’s high-quality, robust, and trusted data platform and retail suite across CoinDesk’s existing products and services to unlock greater opportunities for our customers.”
Charles Hayter, CEO and Co-Founder of CCData, expressed his excitement about joining forces with CoinDesk, pointing to the outlet as an “integral pillar of the digital asset sector, from its award-winning journalism to flourishing index business.”
Featured image via Pixabay
