CryptoCompare has received FCA license to work as a benchmark administrator – Bits Media

Subsidiary CryptoCompare, CC Data Limited, obtained permission from FCA Great Britain for data collection and release of control indicators for digital assets.

Cryptocompare company, engaging in the collection and systematization of cryptocurrency data, received permission from the UK financial supervision management (FCA) to work as an administrator of a benchmark. CRYPTOCOMPARE CEO Charles Hater (Charles Hayter) said:

“I am glad, that Cryptocompare received FCA resolution, Providing the opportunity for institutional and retail investors to access our standard digital assets indices ".

Service suppliers will be able to create regulated financial products, based on the set of leading indexes of digital assets Cryptocompare. Indexes, Created on the basis of their own methodology and company research, provide access to the institutional level to the largest and most liquid digital assets.

Recall, what in 2019 HD Cryptocompare launched Exchange Benchmark Product, which ranks more 100 Spotal exchanges around the world. Later, the company updated the Exchange Benchmark tool - the list of ranked spinal exchanges was expanded to 160 sites.