The crypto pricing data provider aims to address institutional demand for commercial redistribution rights and greater flexibility for third parties.
Global cryptocurrency market data provider CryptoCompare has launched its new commercial API service to be made available in 3 different tiers. The service is tailored to the cryptocurrency data needs of the institutional and retail investors as well as third parties, partners and developers.
The tiered plans include commercial redistribution rights, enabling third parties greater flexibility in using CryptoCompare’s data for their crypto investment products or market data needs.
The company launched the API to address customer demand for more complex and highly scalable cryptocurrency data solutions. Its already existing free API service enables individuals and organizations to retrieve cryptocurrency market and pricing data with a high degree of granularity, offering real-time and historical data for all coins and exchanges with full market coverage.
CryptoCompare’s data is viewed between 20 and 180 million times per hour, peaking during times of higher market volatility. Its real-time market and pricing data service covers more than 5,600 coins and 260,000 currency pairs globally.
Customers also have access to CryptoCompare’s Taxonomy of Crypto Assets and the regular Monthly Exchange Reviews, which bring rigor to the cryptocurrency market data and provide institutional and retail investors with a reliable, accurate and clean data in support of their investment decisions.
Charles Hayter, Chief Executive Officer and Founder of CryptoCompare, said:
“We continually invest in our technology and APIs to ensure our infrastructure remains robust and both the retail and institutional investor can access data as needed to execute trades on their investment portfolios. We adhere to rigorous standards to safeguard data integrity, normalizing global data sources to ensure consistency and confidence in the market. We’re very excited to launch this extended API service to the crypto community, providing commercial licenses for third parties, partners and investors alike. We developed this new offering in response to demands from both individuals and institutions for more complex, often bespoke yet highly scalable cryptocurrency data solutions.”
The commercial service offers extended historical data, customizable API endpoint solutions and calls limits, as well as dedicated support and service level agreements, and the ability to save/cache data locally for internal business purposes.