CoinDesk has officially announced its acquisition of CCData and its retail division, CryptoCompare, which boasts over 300,000 active users. This move signifies a strategic enhancement of CoinDesk's data offerings, particularly for the CoinDesk Indices and the recently launched CD20 index.

CCData is a U.K.-regulated benchmark administrator and a prominent provider of digital asset data and indexing solutions.

“Over the past ten years, CCData has become one of the most respected and reliable data platforms for digital assets, earning the trust of numerous users seeking to understand and leverage their potential,” said Sara Stratoberdha, CEO of CoinDesk.

“We are thrilled to begin integrating CCData’s high-quality, robust, and trusted data platform and retail suite across CoinDesk’s existing products and services to unlock greater opportunities for our customers,” she added.

CoinDesk's latest launch, the CoinDesk 20 index, aims to serve as a broad benchmark for the cryptocurrency market, akin to the S&P 500 or Dow Jones Industrial Average for traditional finance, providing a standardized digital asset performance benchmark for portfolio evaluation.