CryptoCompare, the global cryptocurrency market data
provider published the ‘Cryptoasset Taxonomy Report’ on 16 October. The report provides retail and institutional
investors, regulators and the industry as a whole with an independent
classification of cryptoassets, based on the depth, breadth and scope of
CryptoCompare’s global datasets.
CryptoCompare indicates that more than 1,000 different
cryptoassets have emerged in the last year alone. Each of these cryptoassets
can be categorised and understood using numerous frameworks. CryptoCompare
state that there is a clear requirement for a unified approach on how to
categorise these assets, to make well-informed investment decisions.
In line with CryptoCompare’s rigorous data standards, the
taxonomy represents a detailed analysis of 200+ cryptoassets, based on more
than 30 unique attributes, covering a range of economic, legal and
technological features. CryptoCompare analysed the classification of
cryptoassets from a variety of perspectives, including: existing natural
cryptoasset groupings; regulatory classifications; access and governance;
market cap and volume data; level of decentralisation; generation, distribution
and supply concentration, to name but a few.
The taxonomy also offers a summary classification – the
CryptoCompare Archetypes. This reflects what CryptoCompare considers the most
natural grouping of cryptoassets at this moment in time.
Download report here
Source:
CryptoCompare press release
