SIX introduces crypto data with CryptoCompare

by Arthur · October 6, 2022

Swiss financial data expert SIX, one of Europe’s leading providers of financial information, is pleased to announce that CryptoCompare’s cryptocurrency data is now available to the broad customer base of SIX to further strengthen their activities in digital asset markets. As a result of the partnership, SIX can now cover more than 85% of all cryptocurrency market activity worldwide. CryptoCompare is a major third-party provider of cryptocurrency data that SIX has incorporated into its distribution channels.

As market participants expand their digital asset offerings, they need access to high-quality data. This is particularly important as regulatory bodies place digital assets under greater scrutiny to protect investors and ensure transparency in these markets, evidenced by ESMA with the introduction of the Markets in Crypto-assets (MiCA) regulation.

📰 Six adds @CryptoCompare the trusted, FCA-regulated, UK-based #digitalset market data provider to provide a comprehensive #cryptocurrency data offer.

➡️ Read more: pic.twitter.com/0jO04Gb0vz

— SIX (@sixgroup) 6 October 2022

CryptoCompare is a UK-based provider of digital asset market data, aggregating data from over 300 venues globally. The company has broad coverage of benchmark and price data for cryptocurrency and fiat-based trading pairs. Through this partnership, SIX now provides real-time and historical price data, order book and crypto derivative data built on CryptoCompare’s proprietary aggregate price methodology. This is based on a 24-hour volume weighted average calculation, time penalty factor and outlier methodology to show the best price estimate for cryptocurrency traders and investors to value their portfolio at all times.

SIX continuously evaluates and enables market needs with respect to digital assets, providing market participants with high-quality crypto market data, standardized by SIX, the company’s data offering. As such, SIX decided to partner with CryptoCompare due to the company’s vast coverage of cryptocurrency markets and ease of integration through a single API source, enabling SIX to provide digital asset data to its clients via the same delivery channels as its leading reference , pricing, corporate actions, regulatory, tax and ESG data.

Berta Ares Lomban, Head Digital Assets Financial Information at SIX, highlights: “Through this collaboration with CryptoCompare, we help our clients navigate the digital asset markets. Our clients will be able to access the information they need to realize the opportunities and manage the risks in cryptocurrency markets, as well as comply with new regulations, through a trusted and reliable data partner.”

Source: SIX