Crypto Risk Metrics: Boerse Stuttgart Group now offers ESG data for cryptocurrencies
Stuttgart, July 8th, 2024 – The EU’s MiCA regulation sets transparency requirements for crypto asset service providers. They will be obliged to publish sustainability figures for the cryptocurrencies they offer.
In view of this, Boerse Stuttgart Group is now expanding its market data offering to include ESG data for cryptocurrencies. The data is calculated and provided by Crypto Risk Metrics as part of a cooperation. Boerse Stuttgart Group distributes the data through its existing network of data providers. Their clients can obtain the ESG data through a simple feed extension, which minimizes their internal effort.
“Through our offering of ESG data for cryptocurrencies, every bank, broker and crypto provider can easily and cost-effectively obtain the data required by regulation. We are directly connected to all major data vendors who can redistribute the ESG data to their clients,’ says Sabine Guske, Head of Data & Analytics at Boerse Stuttgart Group.
Tim Zölitz, CRO of Crypto Risk Metrics, adds: ‘Our cooperation with Boerse Stuttgart Group ensures that every provider of crypto services can fulfil its ESG reporting obligations in the best possible way. We were particularly pleased that our internal compliance framework, which systematically excludes possible influences from blockchain protocols in the calculation of ESG figures, was taken into account.”
At the start, Boerse Stuttgart Group offers ESG data for around 30 cryptocurrencies.
The offering will be continuously expanded in line with demand.
About Boerse Stuttgart Group
Boerse Stuttgart Group is the sixth largest exchange group in Europe with strategic pillars in the capital markets business and in the digital and crypto business. It operates exchanges in Germany, Sweden and Switzerland. As a true pioneer, it has built the largest digital and crypto business of all European exchange groups. Boerse Stuttgart Group has a workforce of 700 and premises in Stuttgart, Berlin, Frankfurt, Ljubljana, Milan, Stockholm and Zurich
Source: Press release Boerse Stuttgart Group
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