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Our 2023 Year In Review blog reflects on digital asset industry that has seen remarkable progress in the last year, including Ripple's legal victory, numerous Bitcoin ETF applications, Europe's MiCA framework, growing institutional adoption, and the rise of tokenization, setting an exciting stage for 2024. For CCData, the year marked significant achievements, including rebranding from CryptoCompare, launching a new website, upgrading systems, introducing new indices, and publishing impactful research.
Looking back, it’s hard not to appreciate the progress made in the digital asset industry over the past year. From Ripple’s groundbreaking legal victory to the flurry of spot Bitcoin ETF applications, Europe’s MiCA framework, increasing institutional adoption, and the rise of tokenisation, all of which (and more) have set the stage for an exciting 2024.
For CCData, 2023 was a year marked by numerous milestones. After nearly 10 years, we rebranded from CryptoCompare to CCData, unveiling a new website in the process. We also enhanced and migrated our underlying systems to ensure that our data remains best-in-class, launched new indices and published research that cut through the noise, offering insights that resonated throughout the industry.
Join us below as we reflect on 2023, while looking forward to what lies ahead.
The first quarter of the year marked a significant milestone for CCData, signaling a major transition in line with the evolving industry and increasing institutional interest. We expanded our original brand, CryptoCompare, under a new name; CCData. This rebrand aligns with our focus on institutional-grade data and index solutions, allowing us to more effectively meet the needs of financial institutions.
A new brand also called for a new and enhanced website, resulting in the creation and launch of https://ccdata.io in April 2023. Our retail site,CryptoCompare.com, will continue to receive the support that it has over the past nine years.
Keep an eye out too for some exciting developments on this site next year!
CCData’s sales team concentrated on increasing revenue and retaining existing clients amidst a challenging market. Their efforts included the successful launch of our new and enhanced derivative products and a focus on converting prospects into high-value customers. Despite a tough start to the year, the team achieved notable revenue growth, surpassing many competitors.
In 2023, CCData’s product team focused on a multifaceted strategy encompassing new product development, customer discovery, and technical enhancements. Key initiatives included the V2 upgrade, which enhanced our underlying data infrastructure, addressing technical debt and transitioning to a new cloud network, improving market data stability, and expanding our alternative data offerings.
Further achievements included the integration of blockchain data from ETH, BSC, and BTC, and collaborations with major entities in the derivatives and indices sectors.
A major accomplishment includes the successful migration of over 200 indices to our new v2 systems, marking a seamless transition that enhances the efficiency and functionality of our operations. Collaborating closely with our partners, we implemented 15 new indices, expanding our offerings and solidifying valuable relationships within the industry. Additionally, our team has spearheaded the development of a cutting-edge CADLI index methodology, showcasing our dedication to pioneering solutions that set us apart in the market.Engineering: upgrade to v2 infrastructure.
In 2023, CCData’s research team continued to launch its monthly suite of award-winning research, alongside bespoke research created in collaboration with Bybit, Zodia Custody and Finery Markets.
2023 also saw our research team launch the industry’s first institutional-grade ESG Benchmark for digital assets in partnership with CCRI. Ethereum claimed the top spot in the first benchmark, followed by Solana.
2023 also marked the return of our flagship event, CCDAS, to London on October 2–3. Now in its fourth year, this prestigious two-day summit has firmly established itself as London’s flagship digital asset event.
This year we welcomed an even wider array of industry leaders and financial decision-makers, including representatives from the FCA, Nasdaq, LSEG, JP Morgan, Bitstamp, LMAX Digital, Chronicle Labs, and many others. Explore the session recordings below and watch our highlight video for a glimpse into the day’s activities.
You can catch up on the sessions from the day here: https://summit.ccdata.io/2023-sessions
Not only did we host our flagship institutional digital asset summit, CCDAS, but the team also traveled far on the event circuit this year, sharing our expertise and connecting with other firms helping to advance the digital asset sector.
From Consensus to Paris Blockchain Week, EthCC, Messari Mainnet, Money 20/20, IDX, FIX and a plethora of additional events in London, these events provided valuable platforms for dialogue and networking, allowing us to showcase how our market-leading data solutions can empower institutions navigating the sector.
We also attended the Hedgeweek APAC Digital Asset Awards in Singapore, in which CCData was also recognised as the Best Data Provider, Overall! 🥇
Another highlight for CCData was receiving UK accredited ISO 27001 certification in September, a testament to our commitment to the highest standards in data management, privacy, security, and governance. This certification, aligning with the ISO 27001:2022 international standards, was achieved through rigorous assessments by independent auditors and underscores our role as a trusted provider in the digital asset data industry.
Over the past year, CCData has strategically expanded its partnerships, demonstrating a commitment to advancing digital asset data solutions on a global scale. We were delighted to both strengthen existing and announce new partnerships to help us continue to raise the bar of excellence for our digital asset data, index, research, and institutional events. Our collaboration with FactSet has marked a significant stride in the realm of digital asset data integration, reinforcing our dedication to providing comprehensive solutions. In the LATAM region, our partnership with Parfin has been pivotal, enhancing digital asset data access and laying the groundwork for increased services and opportunities in this market. The collaboration with CCRI resulted in the creation of an industry-first, institutional-grade Digital Asset ESG Benchmark, further emphasiing our commitment to innovation.
Other achievements include the addition of L2 Order Book Data to Refinitiv’s platforms, the expansion of our Staking Yield Index Family in collaboration with Blockdaemon, and the introduction of new indices with partners such as MarketVector and FT Wilshire. Furthermore, our ongoing collaboration with MSCI, initiated in February 2022, reflects our shared dedication to achieving data excellence in the financial services industry. These partnerships collectively reinforce CCData’s position as a leader in advancing digital asset data solutions globally.
As we turn our focus to 2024, the events and achievements of 2023 have laid a solid foundation for CCData’s future endeavours. Our rebranding and expanded services are just the beginning. In the coming year, we plan to introduce even more innovative data solutions, indices and research that will continue to drive the industry forward.
Stay tuned for more updates and exciting developments from CCData as we continue to navigate and shape the ever-evolving landscape of digital assets.
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