U.S. Nasdaq Delivers Trade Strategies and Risk Mitigation Services to Institutional Investors

Reporter Jenny Lee 2019-06-13 18:41 English DN 50.00

The U.S. stock exchange NASDAQ and Crypto Compare have agreed to provide institutional investors with a new service they call "Nasdaq/Crypto Compare Aggregate Crypto Reference Prices" through a strategic partnership.

The NASDAQ's Quandl platform will receive a price for tokens from Crypto Compare.

Hayter, the chief executive of Crypto Compared stated, "based on transparent and liquid markets, we will provide competitive trading services through global institutional investors's DB on the Quandl platform."

The Nasdaq (NASDAQ) argues that Quandl provides financial, economic and other critical databases dedicated to institutional investors, making reliable data products available to investors. This allows institutional investors to monitor cryptocurrency assets and judge investment opportunities at the right time. It also believes that institutional investors can expand their capabilities in the cryptocurrency market through trade strategies, research and risk mitigation models.

The recent aggressive moves by large companies to enter the cryptocurrency industry and the U.S. stock exchange--Nasdaq's willingness to invest in virtual currency are expected to be a big plus for the entire industry.

Reporter Jenny Lee (news@dailycoinews.com)의 기사 더 보기

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