Nasdaq has expanded the scope of its crypto data platform Quandl to include fundamental crypto rating and price forecasting data.
Sourced from crypto investment management fund and data provider, Blockchain Investments & Co., the Quandl platform will be supplemented with a range of crypto asset data including descriptive, rating, correlation, forecasting and sentiment data.
The move is designed to increase informed decision making and confidence in – what Nasdaq referred to as – an “upcoming asset class”, supporting crypto research, investment and regulatory operations. The Quandl platform was acquired by Nasdaq in December 2018 to expand the exchange group’s technology and alternative data offerings.
Nasdaq claims to have approximately 400,000 users on the Quandl platform, including institutional investors such as hedge funds, asset managers and investment banks.
“We are honoured and delighted to collaborate with Nasdaq on both qualitative and quantitative granular information regarding crypto and digital assets,” said Alfred Prevoo, founder and CEO of Blockchain Investments & Co. Bringing knowledge and understanding to this sector is vital for further improving and building the digital economy and will remain relevant for years to come.”