Empowering AI in Crypto: CCData’s Extensive Dataset and Its Game-Changing Impact
This article examines how CCData’s industry-leading comprehensive institutional-grade cryptocurrency dataset can serve as a game-changer for AI companies in the evolving cryptocurrency landscape.
On March 30, 2023, London-based CryptoCompare, a leading provider of real-time digital asset data, market insights and indices, announced the launch of its new brand, CCData.
Established in 2014, CryptoCompare has been a trusted source of market data for the digital asset industry. As institutional demand grows, the company aims to strengthen its offerings under the CCData brand, while CryptoCompare will continue to serve the retail market.
According to the company’s press release, CCData will concentrate on providing institutional quality data solutions, indices, market insights and the flagship in London, CCDAS.
The proprietary technology developed by CCData offers the most comprehensive, accurate and real-time digital asset data available, making it the preferred choice for financial institutions, regulators, hedge funds and other market participants. Under its new brand, CCData plans to maintain its dedication to world-class data solutions, market insights and customer service.
CCData is authorized as a benchmark administrator by the FCA and is dedicated to providing financial institutions with accurate real-time digital asset data. The company’s data feeds come from over 300 exchanges, covering an extensive range of 300,000+ currency pairs. CCData’s unique combination of proprietary technology, in-depth knowledge of digital assets and a large network of data sources enables the company to deliver the industry’s most comprehensive, reliable and real-time digital asset data.
Digital currencies have emerged as an important component of the worldwide economy. As the market evolves, AI companies need access to a diverse and comprehensive data set to maintain a competitive edge. CCData, a frontrunner in data delivery for the digital currency industry, presents an abundance of data for AI companies to make data-driven decisions and improve their business tactics.
In a blog post published on April 24, 2023, CCData co-founder and CTO Vlad Cealicu highlights the benefits of their extensive data for AI/ML companies, focusing on spot/benchmark interest rates, derivatives, options trading datasets, open interest, funding rates and OHLC minute values that go back to 2011. The post also introduces CCData’s new on-chain dataset, which includes comprehensive block data for Ethereum (and all tokens built on it), Bitcoin and the top 30 blockchains.
CCData’s exhaustive datasets offer complete coverage of the digital currency market, including spot/reference rates, derivatives/options trading datasets, open interest rates, funding rates and OHLC minute values. AI companies can use these data points to create predictive models, evaluate risk and fine-tune trading strategies.
Their new on-chain dataset enables AI companies to examine on-chain metrics, identify potential risks and improve smart contract analytics. In addition, CCData’s up-to-date news aggregation ensures that AI companies stay informed about the latest market developments, regulatory changes and emerging trends.
By integrating comprehensive asset data with real-time news updates, AI companies can effectively navigate the complex digital currency market and make informed decisions to improve their clientele and the wider ecosystem.
