21Shares selects CryptoCompare for crypto data services

By Megha Bhattacharya

21Shares, the Swiss Crypto ETP issuer, has selected CryptoCompare, the digital asset market data specialist, to provide settlement pricing for all of its single asset ETP data effective June 1st 2021. The company aims to expand its network of European banks, asset managers, brokers and exchanges enabling market participation.

Charles Hayter, CEO and Co-Founder of CryptoCompare, said, “We are delighted to be working with 21Shares as their chosen digital asset data service provider. In light of the recent growth in digital asset markets, this partnership will undoubtedly support greater investment into cryptocurrencies, bolstering 21Share’s trusted product suite with CryptoCompare’s premium data offering.”

Since launching in 2014, CryptoCompare has become an integral data resource, bridging the gap between digital asset markets and traditional finance. Its proprietary data infrastructure captures, normalises, and distributes data feeds on an intraday /daily basis across the entire suite of 21Shares’ single asset ETPs. CryptoCompare is a provider of digital asset market data and calculation services for reference pricing, supporting a wide range of products.

Ophelia Snyder, Co-Founder and President of 21Shares AG added, “As a highly innovative firm driving change in how investors access crypto assets, we choose our partners carefully and diligently. CryptoCompare has shown an equal drive to transform the market for reliable crypto data using innovative technology and adapt it in an ever demanding industry. Providing us with the most accurate seamless daily data, forms an essential part of our expansion and market participation. CryptoCompare is the right partner to make this happen.”