CoinDesk Strengthens Data Services with CCData and CryptoCompare Acquisition

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As a seasoned analyst with over two decades of experience in the financial markets, I find this acquisition between CoinDesk and CCData as a strategic move that underscores the growing maturity and mainstream acceptance of cryptocurrencies. The deal not only expands CoinDesk’s data offerings but also opens up new avenues for cross-selling opportunities, which could potentially lead to increased subscription revenues.

Notable cryptocurrency information provider CoinDesk has declared its purchase of CCData, a well-known UK-based manager of financial benchmarks and a significant supplier of digital asset data and index services – the organization that oversees CryptoGlobe.

As a crypto investor, I’m excited about the deal that includes CryptoCompare, which operates a retail platform serving over 300,000 active users. This acquisition expands CoinDesk’s information services and data products, providing me with even more comprehensive resources for my investments. Additionally, it offers enhanced cross-selling opportunities for CCData and CryptoCompare’s vast client base, potentially benefiting both companies and their customers like myself.

For more than ten years, CCData has been offering top-tier data solutions, digital asset indexes, and acclaimed research to clients ranging from governments and institutions to individuals.

Through the purchase of CCData’s strong data infrastructure and CryptoCompare’s retail platform, CoinDesk is enhancing its data services, boosting subscriber revenue, and enriching its current array of offerings from CoinDesk Indices and CoinDesk Media.

CoinDesk’s CEO Sara Stratoberdha, said:

For the past decade, I’ve been part of the team behind CCData, a platform that has earned a stellar reputation as a trusted and dependable source of data for digital assets. Users looking to grasp and maximize the potential of these assets have placed their trust in us.

Stratoberdha stated that they are excited to start incorporating CCData’s top-notch, reliable, and trusted data platform and retail package into CoinDesk’s current offerings and solutions, which will open up more possibilities for our users.

Charles Hayter, the CEO and Co-Founder of CCData, expressed his enthusiasm about partnering with CoinDesk. He noted that CoinDesk serves as a “crucial foundation” within the digital asset industry, encompassing its esteemed journalism awards, as well as its thriving index business.

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2024-10-16 15:27