Sifted
January 11, 2021
The London-based data firm CryptoCompare, is another big winner. Its chief executive Charles Hayter tells Sifted that the platform is now onboarding 20 new paying data clients a month.
Data
LONDON (Reuters) - Digital assets under management across exchange-traded products doubled this month to a record $43.9 billion, researcher CryptoCompare said on Friday, underscoring soaring interest in securities that track digital currencies.
Bitcoin has leapt over 60% this year, hitting an all-time high of $58,354 this month as mainstream companies such as Tesla Inc and Mastercard Inc embraced cryptocurrencies.
MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the MVIS CryptoCompare Ethereum Benchmark Rate (ticker: EBR) and the MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR) to 3iQ Corp. for their Ether ETF (TSX:ETHQ.U) and Bitcoin ETF (TSX:BTCQ.U).
The MVIS CryptoCompare DeFi 20 Index is a modified market cap-weighted index which tracks the performance of the 20 largest and most liquid decentralized finance (“DeFi”) protocols.
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IOWArocks, the global marketplace for data, tech, and services, today adds CryptoCompare to their rapidly expanding data marketplace.
The MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) is an index designed to measure the performance of a digital assets portfolio which invests in Ethereum, with a closing value based on an hourly VWAP price.
The index serves as a reference rate for funds, asset managers and exchanges who wish to build financial products, such as derivatives and ETPs, on Ethereum.
The Exchange Benchmark ranks more than 160 global spot exchanges, aiming to bring greater transparency and accountability to digital asset exchanges. The report assigns AA - E grades to help identify the lowest risk venues in the industry.
The London-based data firm CryptoCompare, is another big winner. Its chief executive Charles Hayter tells Sifted that the platform is now onboarding 20 new paying data clients a month.
Data from CryptoCompare shows that bitcoin trading volumes on the eight major exchanges tracked on the CoinDesk 20 have passed $11 billion, a new all-time high from the previous record during 2017's crypto bull market.
Trading volumes across six major cryptocurrency exchanges have been 10% higher at weekends than weekdays in that period, data from researcher CryptoCompare shows.
Trading volumes on major cryptocurrency exchanges hit a daily record on Monday of over $68 billion, research showed, highlighting the trading frenzy that has accompanied bitcoin’s charge to an all-time high.
“This is the domino effect as asset managers tumble their portfolios into bitcoin,” Charles Hayter, CEO of crypto market data provider CryptoCompare, told CNBC.
Bitcoin enthusiasts agree the digital currency hit a record recently. What they don’t agree on is the level of that milestone or even when it was set.
