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CryptoCompare Gets FCA Authorization to Operate as Benchmark Administrator
The London-based company provides data and benchmarks for digital assets based on market research and methodologies.
London-based data aggregator and index provider CryptoCompare has received authorization from U.K. regulatory body the Financial Conduct Authority (FCA) to operate as a benchmark administrator, the company said Thursday.
- CryptoCompare said its data and index subsidiary, CC Data Limited, has received FCA approval to issue benchmarks for financial instruments and measure fund performance.
- The firm provides data and benchmarks for digital assets based on market research and methodologies.
- “I am delighted that CryptoCompare has now achieved FCA authorization, creating new avenues for institutional and retail investors to gain exposure to our standard-setting digital asset indices,” said Charles Hayter, CEO of CryptoCompare, in a statement.
- A number of other firms provide data by tracking the performance of crypto instruments and funds, including TradeBlock, which is owned by CoinDesk, and the Bloomberg Galaxy Crypto Indices that was launched by Bloomberg Index Services Limited and Galaxy Digital Capital Management.
Read more: CoinDesk Acquires TradeBlock, Adding Indexes and Pricing to News, Events Offerings
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
