Cryptocompare, the global cryptocurrency market data provider has added a commercial API to its existing free data services. This was announced in a press release made available on Tuesday, November 4, 2018.
According to the company’s CEO and Founder Charles Hayter, the gesture was in response to several requests by customers for demand for “more complex and highly scalable cryptocurrency data solutions”. He said:
“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.”
The company’s current free API provides timely cryptocurrency market data for all coins and exchanges with full market coverage. Its robust infrastructure provides low latency data which is viewed at least 20 million times per hour with the number of views soaring during high volatility.
“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, normalizing global data sources to ensure consistency and confidence in the market,” the CEO said.
The newly introduced commercial API service has advantages such as extended historical data; customizable API endpoint solutions and call limits; dedicated support and service level agreements; and the ability to save/cache data locally for internal business purposes.
Cryptocompare is a major global provider of cryptocurrency market data on 5,600+ coins and 260,000+ currency pairs globally. It provides timely and reliable data for both retail and institutional investors which can be used to inform investment decisions. The company adheres to rigorous standards to ensure the quality of data provided on cryptocurrency trade, order book, block explorer, and social data is not compromised.
In order to meet the data services needs of institutional and retail investors as well as third parties, partners and developers, the service will be available in a 3-tier plan which gives commercial redistribution rights and greater flexibility to third parties in using the company’s services.
The new commercial API services are already available to customers and users on the CryptoCompare website and can be accessed for the top quality market data service customers have always yearned for.