CryptoCompare – The Power of Crypto Data in a Comprehensive Platform

CryptoCompare is very proud of how good its statistics are and how much ground it covers in the crypto world. The technology and API of the project want to make sure that its infrastructure is safe.

The platform wants to give individual and institutional investors access to information helping them better manage their investment portfolios. CryptoCompare guarantees the accuracy of its data and follows the strictest rules. 

The initiative conducts frequent audits of crypto exchanges and is careful to spot market abuses to maintain data integrity. There will be more information on this data-driven platform in today’s review.

What Is CryptoCompare?

CryptoCompare is a centralized source for clear and straightforward information, providing a wide range of cryptocurrency data. The system aims to link traditional financial markets and crypto assets. 

Global cryptocurrency market data provider CryptoCompare started its business in 2014. The project provides institutional and retail investors with real-time market data. More than 5,000 coins and tens of thousands of monetary pairings are available in this system. 

In order to present a complete perspective of the market, CryptoCompare gathers and analyzes tick data from globally recognized exchanges. Another goal of the project is to integrate various datasets into the pricing of each cryptocurrency. 

Data on crypto trades, order books, blockchain, and historical data are all available on this portal. The project also has a variety of cryptocurrency indices that every client may use. 

Discovering the Main Features of CryptoCompare

In this section, we’ll see some of the primary features and benefits of CryptoCompare. First, we may remark that the platform’s core is historical and real-time data on crypto assets. 

The firm delivers comprehensive, real-time data on digital assets to institutions through its API. The API and WebSocket solutions of the firm provide millions of clients worldwide with institutional-grade crypto data. 

Enterprise data access packages and digital asset indices tailored to specific business requirements are available on CryptoCompare. 

Every month, CryptoCompare publishes crypto exchange reviews. The most recent developments in the world of crypto exchanges are a classic theme you will find in these evaluations. 

Each month’s trading volume and price changes are the main drivers that the platform uses to select an exchange. 

According to CryptoCompare’s pledge, you will only find trustworthy exchanges in its reviews. 

The company publishes various studies, including exchange reviews, benchmarks, and extensive information on individual currencies. The research team covers all the facets of the digital asset business, providing an objective perspective. 

Furthermore, apps for iOS and Android are available from CryptoCompare. The mobile applications allow you to monitor current crypto prices. Moreover, you may add currencies to your watchlist and know the latest news in the crypto world. 

You may also manage numerous portfolios, view extensive information on each currency, and perform technical analysis. 

Additionally, the project offers several “top lists” on its website that showcase the finest products in a specific field. They include a list of the best coins, exchanges, ICOs, mining platforms, wallets, and gaming platforms.

Getting to Know the Project’s Ecosystem

The CryptoCompare Digital Asset Summit is a new event that CryptoCompare usually organizes. London hosts this event, which brings together professionals from the digital asset and data analysis industries worldwide. 

The platform calculates cryptocurrency market prices using an aggregation index algorithm called CCCAGG. CryptoCompare can generate digital asset indices that include all the collected data.

Digital Assets Services

If you’re looking for a digital asset index, CryptoCompare has a large variety to choose from. Amun Crypto Basket and Crescent Crypto Alt are some of the indexes on this list. 

In many cases, the development of these indexes happened in conjunction with VanEck subsidiary MV Index Solutions (MVIS). 

CryptoCompare provides a wide range of indexes that will help you measure the value of the cryptocurrency market. Using CryptoCompare’s bespoke and white label solutions, customers may design their index, for example. 

Independent index backtesting, end-of-day, and real-time index computation are some of the portal’s customized solutions. Moreover, we should consider index maintenance and administration as additional services.

The Project’s Secret Sauce: CryptoCompare API

One of CryptoCompare’s essential features is its API data. Programmers can access market data from a company’s server via API. 

CryptoCompare aggregates data from a wide range of exchanges and marketplaces. Therefore, it gives some interesting data points not available from other cryptocurrency exchanges. 

The basic API service is free if you want to get some data and use it on your applications. Programming experience is necessary to take full advantage of the more advanced API options. 

Whatever the case, watch out for new apps and user interfaces that use APIs like these. This option will make the process easier for anyone to stay up to date on the latest cryptocurrency developments.

The Project’s User Interface

You’ll see a lot of information when you visit their homepage for the first time. Specifically, you’ll see charts, a list of featured coins, the most recent review, and the most popular forum topics. 

Everything is set up in a way that makes it easy to find your way around. This platform is under continuous development, and the team will add more content over time. 

Depending on what kind of device a person uses, there are many options for the wallet part. 

Signing Up to CryptoCompare

Only a few steps are necessary to join CryptoCompare:

  1. To sign in or create an account, go to the upper right corner and click “Log In/Sign Up.”
  2. Enter an email address and a password in the appropriate fields. You may also use Facebook or Google in this phase.
  3. Click the link in your inbox to verify your email address.

Understanding How CryptoCompare Works

CryptoCompare delivers real-time digital asset statistics to institutional and retail investors. The amount of monthly calls and market data endpoints you can access depends on your membership level. 

Complete daily and hourly statistics are also available for you. Enterprise users receive access to a year’s worth of historical data. Moreover, everyone has 7-day data included in other subscription options. 

In order to gather this information, CryptoCompare works with the most popular exchanges. The company makes its data publicly available through APIs and WebSocket solutions. 

Additionally, CryptoCompare offers customized integration options for enterprise users that wish to incorporate CryptoCompare’s data flow into their existing systems.

Institutions and ordinary investors alike will appreciate the quick access to market data provided by CryptoCompare’s crypto indexes. The market price for cryptocurrency pairings traded across exchanges comes from the real-time aggregate index approach. 

CryptoCompare computes a 24-hour volume-weighted average for each currency pair using transaction data collected from dozens of exchanges.  

Due to hacking, malfunctioning APIs, and poor liquidity, CryptoCompare admits that its statistics may be inconsistent among exchanges. 

CryptoCompare’s approach considers a wide range of characteristics to provide reliable statistics to consumers. Among these features, we can mention outlier identification across trades.

The Project’s Team

Charles Hayter (CEO and Co-Founder) and Vlad Cealicu are the company’s leaders (CTO & Co-Founder). ADVFN’s Web Developer, Cealicu, served as the Head of Software Development at LSBF. On the other hand, Hayter used to be an Equity Research Analyst at CitiBank. 

Additionally, CryptoCompare has collaborated with several well-known figures in the industry. These collaborations allow CryptoCompare to deliver real-time data to its consumers. 

There is also a collaboration with Refinitiv, Binance, Coinbase, and many more large organizations that use data from CryptoCompare.

Key Takeaways

CryptoCompare is a crucial data supplier for digital assets and well-known cryptocurrency market providers. Leading cryptocurrency exchanges, including Binance and Coinbase, place their faith in the firm. 

Bitcoin live price
price change

If you want to learn more about CryptoCompare, you can direct to its website and social media channels.

Stay up to date with our latest articles

More posts

WMA: Bitcoin Tests $25,000, Ethereum Merge Gets Closer, and Altcoins Thrive

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,175 trillion. Bitcoin has increased by over 6% this week. Ethereum gained almost 17% over the past seven days. XRP is up by nearly 3% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value protocols (TVL) to around $44 billion. Crypto…

Tornado Cash DAO Goes Offline Following Blacklist

The DAO website for sanctioned crypto mixer Tornado Cash appears to no longer be operational. According to social media reports, this is also true for the platform’s Discord server. DAO Website Stops Going Through Earlier this week, the United States Treasury Department’s Office of Foreign Asset Control imposed a sanction on the Ethereum-based protocol. Since then, the platform has seen some of its resources become inaccessible. Additionally, various entities have begun distancing themselves from Tornado Cash’s services. Hence, the platform’s…

P2E Axie Infinity Cancels SLP Rewards On Classic Game Mode

Axie Infinity (AXS) has announced that its play-to-earn (P2E) platform will no longer offer token rewards on its classic game mode. The development team hopes its decision will help nudge users to its new game mode. Players will now have to use the newly launched Origin update to earn the game’s native currency, Smooth Love Potion (SLP). AXS to Balance SLP Economy Origin is the latest expansion in the Axie Infinity gaming ecosystem also known as Axie Battles v3. The…

Strike Announces ‘Visa Card’ Feature Letting Users Pay Anywhere With Bitcoin

The Bitcoin payments company Strike has partnered with Visa to integrate a ‘Visa card’ into its wallet app. This will allow Strike users to pay for goods and services in Bitcoin with any Visa-accepting merchant.  In a tweet on Thursday, Strike revealed its new Visa card, which it called the “Strike Card.” “You can now take Strike anywhere and earn rewards on everyday spending,” explained the company. The card rewards users with incentives for every purchase and charges no added…

Authorities Arrest Developer With Ties to Tornado Cash

Earlier this week, Netherlands’ financial watchdog the Fiscal Information and Investigation Service (FIOD) took a 29-year-old developer into custody. The FIOD carried out the arrest in Amsterdam due to suspicions of his involvement in money laundering operations using crypto mixer Tornado Cash. Tornado Cash Facilitating Crypto Crimes The arrest comes shortly after the US Department of Treasury announced sanctions against the privacy protocol. In a release, the Treasury cited Tornado Cash’s role in various crypto crimes since its inception in…

Brazilian Football Club Welcomes First Argentinean Crypto Signing Amid Economic Downturn

Harsh economic restrictions in Argentina have pushed the country’s football clubs towards cryptocurrencies. Recently, the first transfer of a football player via crypto instead of fiat occurred, marking a new era in football finances. Earlier this month, Sao Paulo Futebol Clube from Brazil paid $6-$8 million worth of USDC to Banfield’s Athletic Club for midfielder Giuliano Galoppo. The oscillating gap reflects the tempestuous value fluctuations between the US Dollar and the Argentinean Peso. The First Football Cryptocurrency Signing Galoppo's transfer…

What Is an Iceberg Order in Crypto?

Iceberg orders allow traders to buy or sell a large quantity of cryptocurrency without tipping off the market. By splitting their orders into smaller chunks, traders can execute their trades without causing undue price movement.  This guide will explain what iceberg orders are and how to use them in your trading strategy. What Is an Iceberg Order in Crypto Trading? An iceberg order lets traders buy or sell a large number of assets without revealing their intentions to the market.…

Ultimate Beginner Guide to Bitcoin Improvement Proposals (BIPs)

Bitcoin Improvement Proposals (BIPs) are essential tools in the crypto community. They allow the Bitcoin community to propose and vote on changes to the Bitcoin Core software.  BIPs can also work for other wallets/services and have a process for development and implementation. This guide will explore what BIPs are, how they work, and some of their benefits and risks. What are Bitcoin Improvement Proposals (BIPs)? Bitcoin Improvement Proposals (BIPs) are proposals for changes to the Bitcoin protocol. Anyone can submit…

MakerDAO Co-Creator Wants to Drop USDC for ETH

On Thursday, MakerDAO co-founder Rune Christensen shared a proposal via the network’s official Discord server. Christensen raised the suggestion that the MakerDAO organization should swap its $3.5B  worth of USDC for Ether. However, Ethereum creator Vitalik Buterin tagged Christensen’s plan a “terrible idea” despite the potential benefits of such a move on Ethereum’s value.  Christensen To Remove USDC Exposure Rune’s actual goal is to eliminate MakerDAO’s exposure to USDC following the US Treasury’s recent sanction on crypto mixer Tornado Cash.…

Ethereum Merge Officially Scheduled for September 15th

Ethereum developers have established tentative, official scheduling for the merge on September 15th. On that day, the network’s consensus mechanism will change from proof of work to proof of stake.  The date was established on Thursday during an Ethereum Foundation Consensus Layer Call. Developers agreed to target either September 15th or September 16th with the upgrade. However, the timing remains an estimate, and devs stressed that the official date is not finalized yet. On Thursday, developer Tim Beiko tweeted the…