CoinDesk, a media and data company in the cryptocurrency sector, has acquired CCData, a UK FCA-regulated administrator. CCData is known for providing digital asset data and index solutions. This includes CryptoCompare, a popular retail site with over 300,000 active users.

The acquisition aims to enhance CoinDesk's information services and data products. It also presents cross-selling opportunities for CCData and CryptoCompare, which serve a broad range of institutional and retail clients.

CoinDesk Media Reaches 45.5 Million

CoinDesk Media provides news, analysis, and real-time insights related to digital assets and blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology. The company's events attract professionals from the industry. During the first half of 2024, CoinDesk Media's products and services reached an estimated audience of 45.5 million people.

Since its inception in 2014, CoinDesk Indices has played a notable role in the digital asset market. According to the company, it has facilitated investment with tens of billions of dollars in benchmarked assets.

Its flagship products include the CoinDesk Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Price Index (XBX) and the CoinDesk 20 Index, both of which have established industry standards for measuring and trading digital assets. The recently launched CoinDesk 20 perpetual futures contract has garnered significant institutional interest, resulting in a trading volume exceeding $8 billion.

“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,” said Sara Stratoberdha, CoinDesk CEO.

🚨Breaking: CoinDesk has acquired CCData and its retail branch, CryptoCompare, which serves more than 300,000 active users.

Source: @CoinDesk #CoinPedia #CryptoNews #Blockchain pic.twitter.com/kmgXIvSZ1I

— Coinpedia (@CoinpediaNews) October 16, 2024

Integrating with CCData Platform

CCData offers institutional-grade data solutions, a digital asset index suite, and research aimed at government and institutional clients, as well as retail investors.

The integration of CCData's data platform and CryptoCompare into CoinDesk is expected to enhance its data offerings, increase subscription revenues, and complement existing solutions from CoinDesk Indices and CoinDesk Media.