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.
