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class="uui-navbar08_dropdown-list-5 no-padding test test-position data w-dropdown-list"><div class="navbar-dropdown-content-wrapper-2"><div class="nav-submenu-title-flex-wrapper"><img loading="lazy" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67ab8b67e370c91bf02e0a39_Logo-group.svg" alt="" class="nav-submenu-logo"/><div class="nav-submenu-headig-description">Market-leading digital asset data with exceptional depth and clarity.</div></div><div class="nav-submenu-divider-wrapper"><div class="nav-submenu-divider"></div></div><div class="navbar-submenu-title">Data</div><div class="w-dyn-list"><div role="list" class="uui-navbar08_dropdown-content-3 w-dyn-items"><div role="listitem" class="w-dyn-item"><a title="Link to the Trade Data Page" href="https://data.coindesk.com/trade-data" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Trade Data</div><div class="uui-text-size-small-2 hide-mobile-landscape">Market leading trade data covering 300,000 digital asset pairs.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to the Derivatives Data Page" href="https://data.coindesk.com/derivatives" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Derivatives</div><div class="uui-text-size-small-2 hide-mobile-landscape">Real-time futures and options data from major exchanges.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to Order Book Data Page" href="https://data.coindesk.com/order-book" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Order Book Data</div><div class="uui-text-size-small-2 hide-mobile-landscape">Complete L1/L2 Order Book data, covering 99% of the market.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to On-Chain Data Page" href="https://data.coindesk.com/on-chain-data" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">On-Chain Data</div><div class="uui-text-size-small-2 hide-mobile-landscape">Key blockchain metrics and trade data across 10 networks.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to API Documentation" href="https://developers.coindesk.com/documentation" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">API </div><div class="uui-text-size-small-2 hide-mobile-landscape">Institutional-grade crypto data streamed live from 300+ exchanges.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to Research and Insights Page" href="https://data.coindesk.com/reports" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Research and Insights </div><div class="uui-text-size-small-2 hide-mobile-landscape">Data-driven analysis of key digital asset movements.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to Data Catalogue Page" href="https://data.coindesk.com/data-catalogue" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Data Catalogue</div><div class="uui-text-size-small-2 hide-mobile-landscape">Explore our data solutions and request sample sets.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to AI and Machine Learning Page" href="https://data.coindesk.com/ai-machine-learning" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">AI & Machine Learning</div><div class="uui-text-size-small-2 hide-mobile-landscape">Data to power AI and machine learning models.</div></div></a></div></div></div></div></nav></div><div data-delay="300" data-hover="true" class="uui-navbar08_menu-dropdown-5 w-dropdown"><div class="uui-navbar08_dropdown-toggle-5 test w-dropdown-toggle"><div class="navbar-closed-toggle-wrapper"><div class="uui-dropdown-icon-7 w-embed"><svg width="7" height="12" viewBox="0 0 7 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M5.29141 6.00013L0.691406 1.40013L1.39916 0.692383L6.70691 6.00013L1.39916 11.3079L0.691406 10.6001L5.29141 6.00013Z" fill="#262626"/> </svg></div><a title="Link to the CoinDesk Indices Home Page" href="https://indices.coindesk.com" class="nav-main-link size w-inline-block"><div class="text-block-7">Indices</div></a></div><div class="navbar-mobile-submenu-back-wrapper"><div class="uui-dropdown-icon-7 back w-embed"><svg width="7" height="12" viewBox="0 0 7 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M5.99916 11.3076L0.691406 5.99989L5.99916 0.692139L6.70691 1.39989L2.10691 5.99989L6.70691 10.5999L5.99916 11.3076Z" fill="#262626"/> </svg></div><div>Back to menu</div></div></div><nav class="uui-navbar08_dropdown-list-5 no-padding test test-position w-dropdown-list"><div class="navbar-dropdown-content-wrapper-2 test"><div class="nav-submenu-title-flex-wrapper"><img loading="lazy" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67ab9f2973bace7594d42cca_Logomark-dash-indices.svg" alt="" class="nav-submenu-logo"/><div class="nav-submenu-headig-description">A trusted partner since 2014. BMR compliant.</div></div><div class="nav-submenu-divider-wrapper"><div class="nav-submenu-divider"></div></div><div class="navbar-submenu-title">Data</div><div class="w-dyn-list"><div role="list" class="uui-navbar08_dropdown-content-3 w-dyn-items"><div role="listitem" class="w-dyn-item"><a title="Link to the Multi-Asset Indices Page" href="https://indices.coindesk.com/multi-asset-indices" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Multi-Asset Indices</div><div class="uui-text-size-small-2 hide-mobile-landscape">BMR compliant broad-based, dynamic and thematic benchmarks.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to the Reference Rates Page" href="https://indices.coindesk.com/reference-rates" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Reference Rates </div><div class="uui-text-size-small-2 hide-mobile-landscape">BMR compliant real-time and settlement rates.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to the Strategies and Services Page" href="https://indices.coindesk.com/strategies-and-services" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Strategies and Services </div><div class="uui-text-size-small-2 hide-mobile-landscape">Research-driven strategies, plus a full suite of services.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to the API Documentation" href="https://developers.coindesk.com/documentation" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">API </div><div class="uui-text-size-small-2 hide-mobile-landscape">Institutional-grade data streamed live from 300+ exchanges.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to the Insights and Announcements Page" href="https://indices.coindesk.com/insights-and-announcements" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Insights and Announcements </div><div class="uui-text-size-small-2 hide-mobile-landscape">Stay informed through our newsletters and market updates.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to the Documentation and Governance Page" href="https://indices.coindesk.com/documentation-and-governance" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Documentation and Governance</div><div class="uui-text-size-small-2 hide-mobile-landscape">Index methodologies, policies, announcements and updates.</div></div></a></div></div></div></div></nav></div><a title="Link to the Consensus Home Page" href="https://www.coindesk.com/reports" class="nav-main-link no-dropdown w-inline-block"><div class="text-block-7">Research</div></a><a title="Link to the Consensus Home Page" href="https://consensus.coindesk.com/" class="nav-main-link no-dropdown w-inline-block"><div class="text-block-7">Consensus</div></a></div><div class="uui-navbar08_menu-left-5 mobile"><a title="Link to the CoinDesk News Home Page" href="https://coindesk.com" class="nav-main-link no-dropdown w-inline-block"><div class="text-block-7">News</div></a><a title="Link to the CoinDesk Price Home Pagee" href="https://coindesk.com/price" class="nav-main-link no-dropdown w-inline-block"><div class="text-block-7">Prices</div></a><div class="mobile-submenu-toggle-wrapper"><div class="navbar-closed-toggle-wrapper test"><a title="Link to the CoinDesk Data Home Page" href="/" aria-current="page" class="nav-main-link test current w-inline-block w--current"><div class="text-block-7">Data</div></a><div title="Button to open the Data submenu" data-w-id="71ad6f0f-e115-62cc-89b5-0efe0e2a2fe7" class="navbar-mobile-icon-wrapper test"><div class="nav-main-link-toggle-icon w-embed"><svg width="7" height="12" viewBox="0 0 7 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M5.29141 6.00013L0.691406 1.40013L1.39916 0.692383L6.70691 6.00013L1.39916 11.3079L0.691406 10.6001L5.29141 6.00013Z" fill="#262626"/> </svg></div><div class="navbar-mobile-submenu"><div class="navbar-dropdown-content-wrapper-2 test"><div title="Button to close the Data sub menu" data-w-id="71ad6f0f-e115-62cc-89b5-0efe0e2a2feb" class="navbar-mobile-submenu-back-wrapper"><div class="uui-dropdown-icon-7 back w-embed"><svg width="7" height="12" viewBox="0 0 7 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M5.99916 11.3076L0.691406 5.99989L5.99916 0.692139L6.70691 1.39989L2.10691 5.99989L6.70691 10.5999L5.99916 11.3076Z" fill="#262626"/> </svg></div><div>Back to menu</div></div><div id="w-node-_71ad6f0f-e115-62cc-89b5-0efe0e2a2fef-0e2a2e4e" class="w-layout-layout nav-submenu-heading-quick-stack wf-layout-layout"><div class="w-layout-cell"><img loading="lazy" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/679cc2a4c99393013ebd774f_Frame%202178%20(1).svg" alt=""/></div><div class="w-layout-cell cell-5"><div class="nav-submenu-headig-description">Delivering world-class crypto data solutions, indices and market insights</div></div></div><div class="nav-submenu-divider-wrapper"><div class="nav-submenu-divider"></div></div><div class="navbar-submenu-title test">Data</div><div class="w-dyn-list"><div role="list" class="uui-navbar08_dropdown-content-3 w-dyn-items"><div role="listitem" class="w-dyn-item"><a title="Link to the Trade Data Page" href="https://data.coindesk.com/trade-data" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Trade Data</div><div class="uui-text-size-small-2 hide-mobile-landscape">Market leading trade data covering 300,000 digital asset pairs.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to the Derivatives Data Page" href="https://data.coindesk.com/derivatives" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Derivatives</div><div class="uui-text-size-small-2 hide-mobile-landscape">Real-time futures and options data from major exchanges.</div></div></a></div><div role="listitem" class="w-dyn-item"><a title="Link to Order Book Data Page" href="https://data.coindesk.com/order-book" class="uui-navbar08_dropdown-link-3 w-inline-block"><div class="uui-navbar08_item-right"><div class="uui-navbar08_item-heading-3">Order Book Data</div><div class="uui-text-size-small-2 hide-mobile-landscape">Complete L1/L2 Order Book data, covering 99% of the market.</div></div></a></div><div role="listitem" 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src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/6704e1ce67bb87e211a44d1c_MarketVector_newlogo_large.svg" alt="Company logo" class="uui-logos04_logo smaller"/></div><div id="w-node-_2bab07e1-9a2f-2b66-46ac-3526527ae75e-527ae73b" class="uui-logos04_wrapper"><img loading="lazy" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/6704e1ce67bb87e211a44d1b_six_colored.svg" alt="Company logo" class="uui-logos04_logo smaller"/></div></div></div></div></div></section><div class="section-cd yellow-gradient-background"><div class="container-max-width-1400 width-100 left-align w-container"><div class="flex-container vertical-on-mobile light-mode"><div class="div-key-elements flex-direction-vertical no-top-padding no-stretch first-col"><img src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67a884175c517b542d14917d_Node-zigzag.svg" loading="lazy" width="100" height="100" alt="" data-w-id="14b53638-48e1-3437-2873-7db12b375259" class="key-elements-image bottom-margin-25 right-margin-40 _91-105"/><div class="div-key-elements-text white-text bottom-border yellow-section"><h3 data-w-id="14b53638-48e1-3437-2873-7db12b37525b" class="key-elements-div-heading centre-on-tablet">Standardized Data</h3><p data-w-id="14b53638-48e1-3437-2873-7db12b37525d" class="paragraph-key-elements key-elements-paragraph size-fix">Our wide range of normalized data includes cryptocurrency trade data, order book data, on-chain data, social data and historical data. We ensure the integrity and accuracy of our data through rigorous data surveillance.</p></div></div><div class="div-key-elements flex-direction-vertical no-top-padding no-stretch top-padding-on-mobile"><img src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67a884170639bf9f51ca135b_Frame%20427323714.svg" loading="lazy" data-w-id="14b53638-48e1-3437-2873-7db12b375260" alt="" class="key-elements-image bottom-margin-25 right-margin-40 _91-105"/><div class="div-key-elements-text white-text bottom-border yellow-section"><h3 data-w-id="14b53638-48e1-3437-2873-7db12b375262" class="key-elements-div-heading centre-on-tablet">Historical data </h3><p data-w-id="14b53638-48e1-3437-2873-7db12b375264" class="paragraph-key-elements key-elements-paragraph size-fix">Dating back to 2010, CoinDesk Data offers full aggregate and trade level history for more than 10,000+ coins and 300,000+ crypto and fiat trading pairs on a daily, hourly and minute-by-minute basis.</p></div></div><div class="div-key-elements flex-direction-vertical no-top-padding no-stretch top-padding-on-mobile end-col"><img src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67a88417b5f5590dfee11052_Frame%20427323716.svg" loading="lazy" data-w-id="14b53638-48e1-3437-2873-7db12b375267" alt="" class="key-elements-image bottom-margin-25 _91-105 height"/><div class="div-key-elements-text white-text end-col no-right-border black-text"><h3 data-w-id="14b53638-48e1-3437-2873-7db12b375269" class="key-elements-div-heading centre-on-tablet">data analytics</h3><p data-w-id="14b53638-48e1-3437-2873-7db12b37526b" class="paragraph-key-elements key-elements-paragraph size-fix">Key aggregated metrics are calculated in real-time across all datasets such as volume, open interest and Social Stats. Supply and network metrics also provide holistic insight into events on-chain.</p></div></div></div></div></div><div class="key-numbers-section"><div class="container-max-width-1400 width-100 left-align w-container"><div class="w-row"><div class="column-key-numbers w-col w-col-3 w-col-stack"><div class="key-number-text counter"><span class="counter">300+</span></div><div class="key-number-caption">Centralized and Decentralized Exchanges</div></div><div class="column-key-numbers w-col w-col-3 w-col-stack"><div class="key-number-text counter"><span class="counter">10+</span></div><div class="key-number-caption">Years of Historical Data</div></div><div class="column-key-numbers w-col w-col-3 w-col-stack"><div class="key-number-text counter"><span class="counter">300k</span></div><div class="key-number-caption">Trading Pairs</div></div><div class="column-key-numbers w-col w-col-3 w-col-stack"><div class="key-number-text counter"><span class="counter">99.99%</span></div><div class="key-number-caption">90 Day API Uptime</div></div></div></div></div><div class="section-cd black-background subtle-stroke-fix"><div class="container-max-width-1400 width-100 left-align w-container"><h2 class="margin-bottom-80 transition-in">Data Solutions</h2><div class="w-layout-grid key-features-grid"><h3 id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca8792f-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca8792f" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-grid-heading">Trade Data</h3><div id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca87931-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca87931" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-line"></div><div id="w-node-_79991f4a-56d2-f511-c156-004d078c5b3d-11a44d59" class="margin-bottom-60"><div data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca87932" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-rich-text-list w-richtext"><p>CoinDesk Data delivers high-quality, real-time and historical market data spanning 300+ exchanges, 10,000+ coins and 300,000+ currency pairs, via a single, clean and standardized API connection.<br/><br/>Our standardized data sets are used for a range of different functions, including strategy backtesting, market sentiment and volatility measurement, research, modelling, portfolio valuation, and tax calculation.</p></div><a title="Link to the Trade Data Page" data-w-id="f039a999-fedf-3b83-691c-f0fb99d2a135" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" href="/trade-data" class="see-more-wrapper w-inline-block"><div class="see-more">See more</div><div class="w-embed"><svg width="16" height="12" viewBox="0 0 16 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M9.84625 11.6537L8.79225 10.5692L12.6115 6.74994H0.5V5.24994H12.6115L8.79225 1.43069L9.84625 0.346191L15.5 5.99994L9.84625 11.6537Z" fill="currentColor"/> </svg></div></a></div><h3 id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca8793a-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca8793a" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-grid-heading">Derivatives Data</h3><div id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca8793c-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca8793c" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-line"></div><div id="w-node-f403eff4-d22b-9097-7c3c-f5361f786a80-11a44d59" class="margin-bottom-60"><div class="key-features-rich-text-list w-richtext"><p data-w-id="cc39fb04-716e-581c-b207-dd90e2f1e1a4" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)">Covering all major cryptocurrency exchanges, CoinDesk Data’s institutional-grade derivatives data supports every tick trade, open interest, single index and funding rate update, standardized in real-time to allow for the streamlined comparison of instruments across different exchanges. <br/><br/>Historical and real-time derivatives data is available across all covered instruments and markets.</p></div><a title="Link to Derivatives Data page" data-w-id="ace90261-f321-1359-ea64-29496b4d5264" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" href="/derivatives" class="see-more-wrapper w-inline-block"><div class="see-more">See more</div><div class="w-embed"><svg width="16" height="12" viewBox="0 0 16 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M9.84625 11.6537L8.79225 10.5692L12.6115 6.74994H0.5V5.24994H12.6115L8.79225 1.43069L9.84625 0.346191L15.5 5.99994L9.84625 11.6537Z" fill="currentColor"/> </svg></div></a></div><h3 id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca87945-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca87945" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-grid-heading">Order book data</h3><div id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca87947-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca87947" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-line"></div><div id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca87948-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca87948" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-rich-text-list w-richtext"><p data-w-id="93cc0005-1b1a-f0f1-cdc5-bf311b01803b" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)">The most complete, in-depth, granular liquidity data covering up to 99.8% of the industry at the maximum possible depth. <br/><br/>From multiple order book metrics, such as slippage, spread and depth, to smart snapshots and real-time L1 and L2 updates, CoinDesk Data's order book solutions are built for in-depth research and analysis.</p></div><a title="Link to the Order Book Data Page" id="w-node-a9c0945c-5262-5e6e-cc63-43233be318c5-11a44d59" data-w-id="a9c0945c-5262-5e6e-cc63-43233be318c5" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" href="/order-book" class="see-more-wrapper margin-bottom-60 w-inline-block"><div class="see-more">See more</div><div class="w-embed"><svg width="16" height="12" viewBox="0 0 16 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M9.84625 11.6537L8.79225 10.5692L12.6115 6.74994H0.5V5.24994H12.6115L8.79225 1.43069L9.84625 0.346191L15.5 5.99994L9.84625 11.6537Z" fill="currentColor"/> </svg></div></a><h3 id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca87950-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca87950" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-grid-heading">On-chain data</h3><div id="w-node-_4c1c155a-ee95-0a8e-4194-e9e64ca87952-11a44d59" data-w-id="4c1c155a-ee95-0a8e-4194-e9e64ca87952" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-line"></div><p id="w-node-_1349eb8f-1466-e5e9-f88e-24a825e39d1b-11a44d59" data-w-id="1349eb8f-1466-e5e9-f88e-24a825e39d1b" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="key-features-rich-text-list">On-chain data solutions tailored for institutions, delivering real-time, block-by-block data for Bitcoin, Ethereum and other EVM chains. <br/><br/>From transaction count and active addresses, to on-chain exchange flows, our data is aggregated and updated in real-time, to provide users with a streamlined, robust and highly granular data solution.</p><a title="Link to the On-chain Data page" id="w-node-_90fa3024-b974-ee46-731f-ad7c134bf388-11a44d59" data-w-id="90fa3024-b974-ee46-731f-ad7c134bf388" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" href="/on-chain-data" class="see-more-wrapper w-inline-block"><div class="see-more">See more</div><div class="w-embed"><svg width="16" height="12" viewBox="0 0 16 12" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M9.84625 11.6537L8.79225 10.5692L12.6115 6.74994H0.5V5.24994H12.6115L8.79225 1.43069L9.84625 0.346191L15.5 5.99994L9.84625 11.6537Z" fill="currentColor"/> </svg></div></a></div></div></div><div class="section-cd black-background"><div class="container-max-width-1400 width-100 left-align w-container"><div class="home-research-header-div"><h2 data-w-id="d204d678-3d55-bcc3-a178-b25a17ab276c" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="home-research-heading">Featured Research<br/></h2><p data-w-id="d204d678-3d55-bcc3-a178-b25a17ab276f" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="max-width-764px">CoinDesk Data's suite of research reports provide the industry with trusted and unbiased, high-quality data and analysis on the latest trends and narratives within the digital asset sector. </p></div><div class="w-dyn-list"><div role="list" class="w-dyn-items"><div role="listitem" class="w-dyn-item"><div class="exchange-benchmark-columns w-row"><div class="column-7 w-col w-col-7"><div><h3 data-w-id="d204d678-3d55-bcc3-a178-b25a17ab2777" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="home-research-sub-heading">Exchange Review</h3><p data-w-id="d204d678-3d55-bcc3-a178-b25a17ab2779" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)">CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.</p><div data-w-id="d204d678-3d55-bcc3-a178-b25a17ab277b" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="div-date-bullets margin-bottom-40 date-bullets"><ul role="list" class="list-date"><li class="list-item-date">April 9, 2025</li><li class="list-item-date w-dyn-bind-empty"></li></ul></div><div class="hero-buttons-wrapper"><a data-w-id="d204d678-3d55-bcc3-a178-b25a17ab2783" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" href="/reports/exchange-review-march" class="button button-solid hover-yellow w-button">Read the report</a></div></div></div><div class="home-research-image-wrapper col-2 w-col w-col-5"><img class="report-image-1" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67f670b535efe1a226c515b6_Exchange%20Review%20March%202025%20(1).png" width="300" height="424" alt="" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" sizes="(max-width: 479px) 93vw, (max-width: 767px) 300px, (max-width: 991px) 291.6640625px, 300px" data-w-id="d204d678-3d55-bcc3-a178-b25a17ab2786" loading="lazy" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67f670b535efe1a226c515b6_Exchange%20Review%20March%202025%20(1)-p-500.png 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67f670b535efe1a226c515b6_Exchange%20Review%20March%202025%20(1)-p-800.png 800w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67f670b535efe1a226c515b6_Exchange%20Review%20March%202025%20(1)-p-1080.png 1080w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67f670b535efe1a226c515b6_Exchange%20Review%20March%202025%20(1).png 1591w"/></div></div></div></div></div><div class="flex-direction-vertical center-contents container-max-width-1400 margin-top-180"><div class="w-layout-grid reports-grid-2"><div id="w-node-d204d678-3d55-bcc3-a178-b25a17ab278c-11a44d59" data-w-id="d204d678-3d55-bcc3-a178-b25a17ab278c" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="report-grid-div vertical-on-sm-mobile"><div class="w-dyn-list"><div role="list" class="report-grid-collection-list w-dyn-items"><div role="listitem" class="report-grid-div height-100 w-dyn-item"><img loading="lazy" width="221" alt="" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67e415b7db9a460d0838b99e_Stablecoins%20March%2025%20(1).png" sizes="(max-width: 479px) 100vw, 221px" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67e415b7db9a460d0838b99e_Stablecoins%20March%2025%20(1)-p-500.png 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67e415b7db9a460d0838b99e_Stablecoins%20March%2025%20(1)-p-800.png 800w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67e415b7db9a460d0838b99e_Stablecoins%20March%2025%20(1)-p-1080.png 1080w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67e415b7db9a460d0838b99e_Stablecoins%20March%2025%20(1)-p-1600.png 1600w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67e415b7db9a460d0838b99e_Stablecoins%20March%2025%20(1)-p-2000.png 2000w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67e415b7db9a460d0838b99e_Stablecoins%20March%2025%20(1).png 2121w" class="report-image-2 margin-on-sm-mobile small-on-sm-mob"/><div class="report-div left-padding-on-mob"><h3 class="heading-no-top-margin-2">Stablecoins & CBDCs Report</h3><p class="report-paragraph">CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalization, trading volumes, peg deviations, regulatory changes, and more.</p><div class="flex-spacer"></div><div class="div-date-bullets-2 margin-bottom-40 date-bullets"><ul role="list" class="list-date-2"><li class="list-item-date">JANUARY 30, 2025</li><li class="list-item-date w-dyn-bind-empty"></li></ul></div><a href="/reports/stablecoins-cbdcs-report-march" class="button button-solid button-2 hover-yellow w-button">Read the report</a></div></div></div></div></div><div id="w-node-d204d678-3d55-bcc3-a178-b25a17ab27a0-11a44d59" data-w-id="d204d678-3d55-bcc3-a178-b25a17ab27a0" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="report-grid-div vertical-on-sm-mobile"><div class="w-dyn-list"><div role="list" class="report-grid-collection-list w-dyn-items"><div role="listitem" class="report-grid-div height-100 w-dyn-item"><img loading="lazy" alt="" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67d17581ac1ce288db7c66e2_Screenshot%202025-03-12%20at%2011.52.22%E2%80%AFAM.avif" class="report-image-2 margin-on-sm-mobile small-on-sm-mob"/><div class="report-div left-padding-on-mob height-100"><h3 class="heading-no-top-margin-2">Exchange Review </h3><p class="report-paragraph">CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.</p><div class="flex-spacer"></div><div class="div-date-bullets-2 margin-bottom-40"><ul role="list" class="list-date-2"><li class="list-item-date">March 12, 2025</li><li class="list-item-date w-dyn-bind-empty"></li></ul></div><a href="/reports/exchange-review-february" class="button button-solid button-2 hover-yellow w-button">Read the report</a></div></div></div></div></div></div></div></div></div><section class="section-cd-2 white-background _60-padding-y"><div class="w-layout-blockcontainer container-max-width-1400 max-width-100 left-align w-container"><h3 data-w-id="6d271df3-4198-96b9-c5c0-eb2bc2cac278" class="heading-h3-black-2 margin-bottom-60">As Featured In</h3><div class="uui-logo-loop_component"><div class="uui-logos-loop-css-embed w-embed"> <style> @media (max-width: 991px) { .uui-logo-loop_inner { position: absolute; white-space: 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class="uui-logos04_wrapper"><img loading="lazy" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/6704e1ce67bb87e211a44dd7_Reuters_Logo.svg" alt="Company logo" class="uui-logos04_logo"/></div><div id="w-node-_61f83819-9157-e466-7cef-e9bede9d29d9-c2cac276" class="uui-logos04_wrapper"><img sizes="(max-width: 767px) 100vw, (max-width: 991px) 97vw, 940px" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/6704e1ce67bb87e211a44e7d_The_Times_logo-p-500.png 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/6704e1ce67bb87e211a44e7d_The_Times_logo.avif 1000w" alt="Company logo" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/6704e1ce67bb87e211a44e7d_The_Times_logo.avif" loading="lazy" class="uui-logos04_logo"/></div><div id="w-node-_61f83819-9157-e466-7cef-e9bede9d29db-c2cac276" class="uui-logos04_wrapper end"><img loading="lazy" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/6704e1ce67bb87e211a44dd5_WSJ_Logo.svg" alt="Company logo" class="uui-logos04_logo"/></div></div></div></div></div></section><div class="section section-padding-120-140 light-mode flex-direction-vertical padding-96"><div class="container-max-width-1400 width-100 left-align w-container"><div class="columns w-row"><div class="col-padding-right-20 w-col w-col-6 w-col-stack"><div class="highlight-text-div"><h2 data-w-id="cec7c19f-77d5-0322-2e3b-3ccebc7aeb47" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="heading-highlight-subheading margin-bottom">Exchange Benchmark</h2><p data-w-id="cec7c19f-77d5-0322-2e3b-3ccebc7aeb49" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)">The Exchange Benchmark is CoinDesk’s flagship research report, established in 2019 to bring clarity and accountability to a complex and rapidly evolving market. Since launching, it has become the industry standard for evaluating the risk associated with digital asset exchanges.</p><p data-w-id="cec7c19f-77d5-0322-2e3b-3ccebc7aeb4b" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)">Backed by thousands of research hours, CoinDesk's Exchange Benchmark covers 150+ exchanges, encompassing more than 80 qualitative and quantitative metrics.<br/></p><div class="benchmark-buttons-wrapper"><div class="benchmark-button"><a data-w-id="cec7c19f-77d5-0322-2e3b-3ccebc7aeb50" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" href="http://data.coindesk.com/reports/exchange-benchmark-2024" class="button button-solid button-2 hover-yellow no-casing w-button">Read the Latest Benchmark</a></div><div><a data-w-id="cec7c19f-77d5-0322-2e3b-3ccebc7aeb53" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" href="/exchange-benchmark-rankings" class="button button-outline light-mode no-casing w-button">Access the Rankings</a></div></div></div></div><div data-w-id="cec7c19f-77d5-0322-2e3b-3ccebc7aeb55" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="col-padding-left-20px home-research-image-wrapper w-col w-col-6 w-col-stack"><img src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67af2176c800509e1c061460_Exchange%20Benchmark%20November%2024%20(1)%20(2).avif" loading="lazy" sizes="(max-width: 479px) 96vw, (max-width: 767px) 97vw, (max-width: 991px) 728px, 460px" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67af2176c800509e1c061460_Exchange%20Benchmark%20November%2024%20(1)%20(2)-p-500.avif 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67af2176c800509e1c061460_Exchange%20Benchmark%20November%2024%20(1)%20(2)-p-800.avif 800w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67af2176c800509e1c061460_Exchange%20Benchmark%20November%2024%20(1)%20(2)-p-1080.avif 1080w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c06/67af2176c800509e1c061460_Exchange%20Benchmark%20November%2024%20(1)%20(2).avif 3889w" alt="Exchange Benchmark report cover" class="highlight-image-landscape hide-on-tablet report-image-1"/></div></div></div></div><div class="section section-padding-120-140 light-mode flex-direction-vertical"><div class="container-max-width-1400 width-100 left-align w-container"><h2 data-w-id="7a8d27ff-5ff3-974b-946c-ddd2bfc4a236">Chart of the Week</h2><div class="w-dyn-list"><div role="list" class="w-dyn-items"><div role="listitem" class="w-dyn-item"><div><div class="previous-chart-embed w-richtext"><div class="w-embed w-script"><script id="infogram_0_a232a8fe-dcf0-4546-9f46-138ee9bce93f" title="CoinDesk COTW April 1st" src="https://e.infogram.com/js/dist/embed.js?Fsl" type="text/javascript"></script></div></div><div class="margin-bottom-64 w-row"><div class="col-padding-right-20 no-padding-lmob w-col w-col-6"><div data-w-id="2cba0005-c465-c4ed-43e6-98eb4ecb65e0" class="w-richtext"><p>In this week's Chart of the Week, we compare the price performance of Bitcoin, Gold, and the S&P 500 since March 31, 2021. Bitcoin's cumulative returns since Q2 2021 stand at 40.2%, with the asset underperforming compared to Gold's substantial 82.2% gain over the same period. </p><p>‍</p></div></div><div class="col-padding-left-20px left-align no-padding-ml w-col w-col-6"><div data-w-id="2cba0005-c465-c4ed-43e6-98eb4ecb65e2" class="w-richtext"><p> The S&P 500 has also outpaced Bitcoin with a return of 41.3%. The data shows that Bitcoin has rarely been the leading performer. If you had purchased Bitcoin at the start of Q2 2021, then you would have only outperformed Gold for three of the last 40 months.</p><p>‍</p></div></div></div></div></div></div></div><a data-w-id="2df10b32-cf15-f663-9937-fb11985fcb5b" href="/chart-of-the-week" class="button button-outline light-mode w-button">See previous charts</a></div></div><div class="section-cd white-background"><div class="container-max-width-1400 width-100 left-align w-container"><div class="div-heading-wrapper margin-bottom-32"><h2 data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c5f" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-and-announcements-heading">In the News</h2></div><div class="flex-direction-vertical left-align"><div class="home-in-the-news-wrapper margin-bottom-80 grid w-dyn-list"><div role="list" class="home-in-the-news-collection-list grid w-dyn-items"><div role="listitem" class="home-in-the-news-item grid w-dyn-item"><a title="link to article" href="https://markets.businessinsider.com/news/currencies/u-s-added-143k-jobs-in-january-fewer-than-forecast-1034327976" target="_blank" class="doc-info-div light-mode w-inline-block"><img style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c66" alt="" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44a555aa2a5768278e96b_Thumb.avif" loading="lazy" sizes="(max-width: 767px) 100vw, (max-width: 991px) 728px, 940px" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44a555aa2a5768278e96b_Thumb-p-500.avif 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44a555aa2a5768278e96b_Thumb.avif 960w" class="home-in-the-news-image news-and-announcements"/><div class="latest-blog-text-div news news-and-announcements"><h3 data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c68" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-heading news-and-announcements no-casing">Stablecoin Surge Signals A Rubicon For Insitutional Crypto Investment</h3></div><div class="flex-spacer"></div><div data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c6b" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-and-announcements-date">February 13, 2025</div></a></div><div role="listitem" class="home-in-the-news-item grid w-dyn-item"><a title="link to article" href="https://ig.ft.com/trump-bitcoin-reserve/" target="_blank" class="doc-info-div light-mode w-inline-block"><img style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c66" alt="" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44b34da2cccf3e59d7f12_Screenshot%202025-02-18%20at%204.56.08%E2%80%AFPM.avif" loading="lazy" sizes="(max-width: 767px) 100vw, (max-width: 991px) 728px, 940px" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44b34da2cccf3e59d7f12_Screenshot%202025-02-18%20at%204.56.08%E2%80%AFPM-p-500.avif 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44b34da2cccf3e59d7f12_Screenshot%202025-02-18%20at%204.56.08%E2%80%AFPM-p-800.avif 800w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44b34da2cccf3e59d7f12_Screenshot%202025-02-18%20at%204.56.08%E2%80%AFPM-p-1080.avif 1080w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44b34da2cccf3e59d7f12_Screenshot%202025-02-18%20at%204.56.08%E2%80%AFPM.avif 2074w" class="home-in-the-news-image news-and-announcements"/><div class="latest-blog-text-div news news-and-announcements"><h3 data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c68" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-heading news-and-announcements no-casing">Can Trump Make Bitcoin Useful?</h3></div><div class="flex-spacer"></div><div data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c6b" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-and-announcements-date">February 12, 2025</div></a></div><div role="listitem" class="home-in-the-news-item grid w-dyn-item"><a title="link to article" href="https://www.ft.com/content/f3c1dc34-1ac4-4a79-8415-4747d27a634c" target="_blank" class="doc-info-div light-mode w-inline-block"><img style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c66" alt="" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44aae60d11c5060c49dbc_Crypto-.avif" loading="lazy" sizes="(max-width: 767px) 100vw, (max-width: 991px) 728px, 940px" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44aae60d11c5060c49dbc_Crypto--p-500.avif 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44aae60d11c5060c49dbc_Crypto--p-800.avif 800w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67b44aae60d11c5060c49dbc_Crypto-.avif 1400w" class="home-in-the-news-image news-and-announcements"/><div class="latest-blog-text-div news news-and-announcements"><h3 data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c68" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-heading news-and-announcements no-casing">Crypto Prices Slide As US Tariff Threat Undercuts Boost From Donald Trump</h3></div><div class="flex-spacer"></div><div data-w-id="d5a0bb69-2d7f-1eee-dba2-872aba3b0c6b" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-and-announcements-date">February 4, 2025</div></a></div></div></div></div><div class="div-heading-wrapper margin-bottom-32"><h2 data-w-id="60b2c859-4a7d-8f99-8492-4acd1e2dbed0" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-and-announcements-heading">Latest Blogs</h2></div><div class="flex-direction-vertical left-align"><div class="home-in-the-news-wrapper margin-bottom-80 grid w-dyn-list"><div role="list" class="home-in-the-news-collection-list grid w-dyn-items"><div role="listitem" class="home-in-the-news-item grid w-dyn-item"><a title="link to blog" href="/blogs/monthly-product-updates-march" target="_blank" class="doc-info-div light-mode w-inline-block"><img style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" data-w-id="60b2c859-4a7d-8f99-8492-4acd1e2dbed7" alt="" src="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67ea9aec08d1d0733215f1f0_Monthly%20Product%20Updates%20March%2025%20(2).png" loading="lazy" sizes="(max-width: 767px) 100vw, (max-width: 991px) 728px, 940px" srcset="https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67ea9aec08d1d0733215f1f0_Monthly%20Product%20Updates%20March%2025%20(2)-p-500.png 500w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67ea9aec08d1d0733215f1f0_Monthly%20Product%20Updates%20March%2025%20(2)-p-800.png 800w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67ea9aec08d1d0733215f1f0_Monthly%20Product%20Updates%20March%2025%20(2)-p-1080.png 1080w, https://cdn.prod.website-files.com/6704e1ce67bb87e211a44c3c/67ea9aec08d1d0733215f1f0_Monthly%20Product%20Updates%20March%2025%20(2).png 1350w" class="home-in-the-news-image news-and-announcements"/><div class="latest-blog-text-div news news-and-announcements"><h3 data-w-id="60b2c859-4a7d-8f99-8492-4acd1e2dbed9" style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0)" class="news-heading news-and-announcements no-casing">Monthly Product Updates March 2025</h3></div></a></div><div role="listitem" class="home-in-the-news-item grid w-dyn-item"><a title="link to blog" href="/blogs/monthly-product-updates-february-2025" target="_blank" class="doc-info-div light-mode w-inline-block"><img style="opacity:0;-webkit-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-moz-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);-ms-transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) rotateZ(0) skew(0, 0);transform:translate3d(-25px, null, 0) scale3d(1, 1, 1) rotateX(0) rotateY(0) 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