Crypto exchanges are like stock exchanges where buyers and sellers trade
based on the current market price of cryptocurrency. In crypto, trades are conducted through
centralized exchanges and decentralized exchanges.
Crypto tokens define a special virtual currency token or how cryptocurrencies are denominated. They
represent fungible and tradable assets or utilities that reside on blockchains and are usually
used as cryptocurrencies.
Market data is price and other related data for a financial instrument reported by a trading venue
such as an exchange. Market data allows traders and investors to know the latest price and see historical
trends for instruments such as currencies, equities, and derivatives. That's why crypto market data has to be correct
and highly available.
Crypto Market Data (CMD) is providing business-relevant facts about more than 10,000 cryptocurrencies, hundreds of crypto exchanges, and common market data providers.
CMD provides transparency and wants to help to overcome challenges for users on how crypto market data is understood, aggregated, managed, and distributed.