SIX Swiss Exchange Now Offers High-Quality Cryptocurrency Data To Its Clients

On Thursday, October 6, Zurich-based SIX Swiss Exchange announced that it is offering a comprehensive suite of high-quality cryptocurrency data to its clients for the first time through a partnership with the world’s leading cryptocurrency data provider. the CryptoCompare cryptocurrency market.

SIX Swiss Exchange, which is a 100% subsidiary of SIX Group, is the main stock exchange in Switzerland (the other being BX Swiss, based in Bern, which is operated by BX Swiss AG). It is the third largest stock exchange (after Euronext and the London Stock Exchange) in Europe by national market capitalization (as of June 2022).

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London-based, FCA-licensed CryptoCompare, founded in 2014 by Charles Hayter (CEO) and Vlad Cealicu, is the world’s leading provider of cryptocurrency market data, enabling institutional and retail investors to access a reliable, high-quality and real-time market. and pricing data on over 5,300 coins and over 240,000 currency pairs, as well as real-time indices and institutional-grade digital asset settlement.

By aggregating and analyzing tick data from globally recognized exchanges and seamlessly integrating different data sets into the cryptocurrency price, CryptoCompare provides a comprehensive and holistic view of the market. To ensure the integrity of its data, CryptoCompare regularly reviews crypto exchanges, monitors market abuse, and considers regional anomalies and geographic movements.

In a press release issued earlier today, SIX, which is one of Europe’s leading financial information providers, said that “cryptocurrency data from CryptoCompare is now available to the broad customer base of SIX to further strengthen their activities in the digital asset markets”, which means that SIX can now “cover more than 85% of all cryptocurrency market activity in the world”.

SIX went on to say that:

As market players expand their supply of digital assets, they need access to high-quality data. This is particularly important as regulators place digital assets under greater scrutiny to protect investors and ensure transparency in these markets, as evidenced by ESMA with the introduction of markets in Crypto-Asset Regulation ( Mica)…

SIX continually assesses and responds to market needs for digital assets to provide market participants with high-quality crypto market data standardized by SIX, the company’s data offering. As such, SIX decided to partner with CryptoCompare due to the company’s broad coverage of cryptocurrency markets and ease of integration through a single API source, allowing SIX to deliver digital asset data to its clients through the same delivery channels as its primary benchmark, pricing, corporate actions, regulatory, tax and ESG data.

Berta Ares Lomban, Head Digital Assets Financial Information at SIX, had this to say:

Through this collaboration with CryptoCompare, we help our clients navigate the digital asset markets. Our clients will be able to access the information they need to seize opportunities and manage risk in the cryptocurrency markets, as well as comply with emerging regulations, through a reliable and trusted data partner.

And according to CryptoCompare’s press release, Charles Hayter, CEO and co-founder of CryptoCompare, added:

CryptoCompare is excited to work with SIX to provide our customers with high-quality, high-level digital asset data based on our industry-leading methodologies that protect data integrity. We look forward to advancing our relationship with SIX, helping the company explore new opportunities to meet its clients’ growing appetite for exposure to digital assets.

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SIX Swiss Exchange Now Offers High-Quality Cryptocurrency Data To Its Clients

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