NEW YORK and LONDON, Oct. 16, 2024 /PRNewswire/ — CoinDesk, one of the vital trusted media, occasions, indices, and knowledge corporations for the worldwide crypto economic system, as we speak introduced that it has acquired CCData, a U.Okay. FCA-regulated benchmark administrator and one of many main suppliers of digital asset knowledge and index options, together with its trusted retail web site, CryptoCompare, which serves over 300,000 lively customers. The acquisition considerably scales CoinDesk’s info providers and knowledge merchandise, whereas providing enhanced cross-sell alternatives to CCData and CryptoCompare’s intensive variety of institutional and retail purchasers.
For over a decade, CCData has been offering its institutional-grade knowledge options, digital asset index suite, and award-winning analysis to authorities, institutional, and retail purchasers navigating the digital asset ecosystem. The acquisition of CCData’s sturdy knowledge platform and retail platform CryptoCompare additional strengthens CoinDesk’s knowledge choices, instantly will increase subscription revenues, and enhances the present suite of options supplied by CoinDesk Indices and CoinDesk Media.
“Over the previous ten years, CCData has develop into one of the vital revered and dependable knowledge platforms for digital property, incomes the belief of quite a few customers in search of to know and leverage their potential,” mentioned Sara Stratoberdha, CoinDesk CEO. “We’re thrilled to start integrating CCData’s high-quality, sturdy, and trusted knowledge platform and retail suite throughout CoinDesk’s current services to unlock higher alternatives for our prospects.”
“We’re extremely excited to hitch forces with CoinDesk as we embark on the following chapter of CCData’s journey,” mentioned Charles Hayter, CEO and Co-Founding father of CCData. “CoinDesk is an integral pillar of the digital asset sector, from its award-winning journalism to flourishing index enterprise. I’m deeply happy with what CCData and CryptoCompare have achieved over the previous decade, and with CoinDesk as our companion, I’m assured that we are going to proceed to construct a legacy that helps and empowers our purchasers and the broader crypto trade.”
CoinDesk enterprise replace
Since 2014, CoinDesk Indices has been on the forefront of the digital asset revolution, empowering buyers globally with tens of billions of {dollars} in benchmarked property. Flagships such because the CoinDesk Bitcoin Value Index (XBX) and the CoinDesk 20 Index set the trade commonplace for measuring, buying and selling, and investing in digital property. Since launching in January 2024, the CoinDesk 20 perpetual futures contract has attracted substantial institutional curiosity, driving a buying and selling quantity of over $8 billion.
CoinDesk Media offers information, evaluation and real-time insights on digital property and blockchain know-how and holds large-scale conferences for trade professionals. CoinDesk Media’s services reached an estimated viewers of 45.5 million individuals throughout the first half of 2024. The Consensus convention, one of many world’s largest and longest-running digital asset occasions, attracted over 15,000 registrations in 2024. Consensus Hong Kong and Consensus Toronto will happen on February 18-20 and Could 14-16 in 2025, respectively.
Advisor
Morgan, Lewis & Bockius LLP served as authorized advisor to CoinDesk on the transaction.
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About CCData
CCData is an FCA-regulated benchmark administrator and international chief in digital asset knowledge, offering institutional-grade digital asset knowledge and settlement indices. By aggregating and analyzing tick knowledge from globally recognised exchanges and seamlessly integrating a number of datasets, CCData offers a complete and granular overview of the market throughout commerce, derivatives, order e-book, historic, social, and blockchain knowledge.
To be taught extra about CCData, go to: www.ccdata.io.
About CoinDesk
CoinDesk is among the most trusted media, occasions, indices, and knowledge corporations for the worldwide crypto economic system. CoinDesk Indices presents experience in digital asset indices, knowledge, and analysis to coach and empower buyers. Since 2013, CoinDesk Media has led the story of the way forward for cash and investing, illuminating the transformation in society and tradition that comes with it. Our award-winning staff of journalists delivers information and unparalleled insights that carry transparency, comprehension, and context. CoinDesk Occasions gathers the worldwide crypto, blockchain, and Web3 communities at annual occasions corresponding to Consensus, the world’s largest and longest-running crypto competition.
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