New API service launched in response to customer demand for commercially scalable and customisable cryptocurrency data solutions
London, 4 December 2018: CryptoCompare, the global cryptocurrency market data provider, today announces the launch of its new API service in response to customer demand for more complex and highly scalable cryptocurrency data solutions.
CryptoCompare provides real-time, high-quality and reliable market and pricing data on 5,600+ coins and 260,000+ currency pairs globally, bridging the gap between the crypto asset and traditional financial markets. In addition, CryptoCompare has a strong track record investing in data methodology and data accuracy, evidenced by the recent Taxonomy of Crypto Assets and the regular Monthly Exchange Reviews. These initiatives serve to bring rigour to the cryptocurrency market data and provide institutional and retail investors with a reliable, accurate and clean data in support of their investment decisions.
The existing free API service enables individuals and organisations 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 robust infrastructure ensures highly available and scalable endpoints, delivering data to end users at the lowest latency possible. By way of example, CryptoCompare’s data is viewed between 20 and 180 million times per hour, peaking during times of higher market volatility.
The new commercial API service will be available in 3 different tiers, tailored to the cryptocurrency data needs of the institutional and retail investors as well as third parties, partners and developers. The commercial service will offer more flexibility such as extended historical data; customisable API endpoint solutions and call limits; dedicated support and service level agreements; and the ability to save/cache data locally for internal business purposes.
Finally, 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 new commercial API service is now live on the CryptoCompare website and has been rolled out to CryptoCompare’s universe of customers. CryptoCompare’s global infrastructure allows for high availability and performance, ensuring the fastest data delivery and the lowest latency possible for both free and commercial API services.
Charles Hayter, CEO 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, normalising 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.”