CoinDesk, which is known for its website that provides news on the cryptocurrency industry, has purchased crypto data provider CCData and its retail arm CryptoCompare.
The acquisitions come as CoinDesk looks to grow its “CoinDesk 20” index, which the company hopes will eventually become the Dow Jones Industrial Average of crypto.
In a statement, CoinDesk said that CCData and CryptoCompare serve over 300,000 daily active users. Based in England, CCData is a leading digital asset data and index solutions provider.
Financial details of the acquisition were not made public.
“We are thrilled to begin integrating CCData’s high-quality, robust, and trusted data platform and retail suite across CoinDesk’s existing products and services to unlock greater opportunities for our customers,” said CoinDesk chief executive officer (CEO) Sara Stratoberdha.
CoinDesk says that CCData’s information will be integrated with the CoinDesk 20 and allow crypto owners to benchmark their portfolio against the index.
CoinDesk is a privately held company. Its stock does not trade on a public exchange.
