Prices
CM Prices, offered by Coin Metrics, is an institutional-grade pricing data feed designed for financial firms, trading platforms, and researchers that require transparent, auditable cryptoasset valuations.
Publisher review
CM Prices, offered by Coin Metrics, is an institutional-grade pricing data feed designed for financial firms, trading platforms, and researchers that require transparent, auditable cryptoasset valuations. The product covers over 1,500 assets, providing USD and EUR reference rates, BTC and ETH reference rates, and USD principal market prices. It is used by major financial institutions and trading platforms for portfolio valuation, backtesting, index construction, and derivatives settlement. The service is accessible via HTTP and WebSocket APIs, with delivery options that support integration into trading systems, research platforms, and display applications.
CM Prices derive their values using transparent, independent methodologies that select only the highest quality constituent markets. The reference rates are available at multiple frequencies: daily, hourly, minute, second, and 200 milliseconds, allowing users to match their specific use case. The product also includes on-chain metrics such as Realized Market Cap, MVRV ratio, Free Float Supply, and Active Address Count, which add fundamental context to price data. Data quality is maintained through stringent checks, and the methodologies are designed to be resistant to manipulation, adhering to IOSCO Principles for Financial Benchmarks for the reference rates.
In the market for crypto pricing data, CM Prices competes directly with offerings from Kaiko, CryptoCompare (now part of CCData), and Brave New Coin. While Kaiko emphasizes exchange-level granularity and CryptoCompare focuses on aggregate indices, CM Prices differentiates through its integration of on-chain metrics and its explicit adherence to IOSCO principles for its reference rates. The product's coverage of over 1,500 assets is notably broader than many competitors, though the depth of liquidity for smaller assets may vary. Coin Metrics also provides a Market Data Feed covering 30+ exchanges, which can complement the reference rates for users needing raw trade and order book data.
The primary trade-off with CM Prices is that its focus on institutional-grade, manipulation-resistant methodologies means it may not be the best fit for retail traders or applications requiring raw, unfiltered exchange data. The pricing is not publicly disclosed, which can complicate budget planning for smaller firms. Additionally, while the product offers extensive asset coverage, the quality of pricing for less liquid assets may be less reliable than for major coins like Bitcoin and Ethereum. Finally, the reliance on Coin Metrics' proprietary methodology means users cannot customize the constituent market selection, which may be a limitation for firms with specific aggregation requirements.
How it works
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Extensive asset coverage
Provides pricing for over 1,500 assets, including major cryptocurrencies and a wide range of altcoins.
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Multiple reference rate frequencies
Offers reference rates at daily, hourly, minute, second, and 200-millisecond intervals for flexible use cases.
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On-chain metrics integration
Includes metrics like Realized Market Cap, MVRV, Free Float Supply, and Active Address Count alongside price data.
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IOSCO-compliant methodologies
Reference rates adhere to IOSCO Principles for Financial Benchmarks, ensuring transparency and resistance to manipulation.
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Real-time and historical data
Delivers both live streaming data via WebSocket and historical data for backtesting and research.
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Flexible API delivery
Accessible through HTTP and WebSocket APIs, enabling integration into trading systems, platforms, and applications.
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Stringent quality checks
Data reliability is maintained through automated and manual quality checks to ensure accuracy and consistency.
Strengths and trade-offs
Strengths
- Covers over 1,500 assets, offering one of the broadest pricing datasets in the institutional crypto market.
- Reference rates are available at frequencies as granular as 200 milliseconds, supporting high-frequency trading and valuation needs.
- Includes on-chain metrics like Realized Market Cap and MVRV ratio, providing fundamental context not found in pure price feeds.
- Adheres to IOSCO Principles for Financial Benchmarks, making it suitable for regulated financial products and settlement.
Trade-offs
- Pricing is not publicly disclosed, making cost comparison and budget planning difficult for prospective buyers.
- Methodology is proprietary and non-customizable, limiting users who need to adjust constituent market selection.
- Quality of pricing for less liquid assets may be less reliable than for top-tier cryptocurrencies like Bitcoin and Ethereum.
- Focus on institutional-grade, manipulation-resistant data may not suit retail traders or applications needing raw exchange data.
Pricing context
Not publicly disclosed; enterprise pricing available upon request from Coin Metrics.
Getting started with Prices
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Request enterprise pricing
Contact Coin Metrics via their website or sales team to request pricing and access credentials for CM Prices. Provide your firm's details and use case to receive a tailored quote and onboarding instructions.
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Set up API credentials
After receiving access, generate your API keys from the Coin Metrics portal. Store them securely and configure your application to authenticate requests using these credentials for both HTTP and WebSocket connections.
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Choose reference rate frequency
Select the appropriate reference rate frequency for your use case: daily, hourly, minute, second, or 200-millisecond intervals. Configure your API calls to request the desired frequency and asset pairs from the available endpoints.
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Fetch price and on-chain data
Use the HTTP API to retrieve historical reference rates and on-chain metrics for your selected assets. For real-time data, establish a WebSocket connection to stream live prices and metrics into your trading or research system.
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Integrate into your system
Integrate the CM Prices feed into your portfolio valuation, backtesting, or index construction workflows. Verify data accuracy by comparing against your own benchmarks and schedule regular data pulls to maintain up-to-date pricing.
Frequently Asked Questions
What is CM Prices and who is it for?
CM Prices is an institutional-grade crypto pricing data feed from Coin Metrics. It is designed for financial firms, trading platforms, and researchers needing transparent, auditable valuations for portfolio valuation, backtesting, index construction, and derivatives settlement.
How many assets does CM Prices cover and what reference rates are available?
CM Prices covers over 1,500 assets, offering USD and EUR reference rates, BTC and ETH reference rates, and USD principal market prices. Rates are available at daily, hourly, minute, second, and 200-millisecond frequencies to match various use cases.
Is CM Prices compliant with financial regulations?
Yes, CM Prices reference rates adhere to IOSCO Principles for Financial Benchmarks. This ensures transparency, resistance to manipulation, and suitability for regulated financial products and settlement, making it a trusted choice for institutional users.
What on-chain metrics does CM Prices include?
CM Prices integrates on-chain metrics like Realized Market Cap, MVRV ratio, Free Float Supply, and Active Address Count. These provide fundamental context alongside price data, helping users assess network health and valuation beyond pure price feeds.
How does CM Prices compare to Kaiko and CryptoCompare?
CM Prices differentiates through its integration of on-chain metrics and explicit IOSCO compliance. While Kaiko offers exchange-level granularity and CryptoCompare focuses on aggregate indices, CM Prices provides broader asset coverage of over 1,500 assets.
What are the main limitations of CM Prices?
Pricing is not publicly disclosed, complicating budget planning. The proprietary methodology is non-customizable, and pricing for less liquid assets may be less reliable. It is not ideal for retail traders needing raw exchange data.
Alternatives
How Prices compares
Direct head-to-head against 2 competitors. Picked by 7wData.
Prices
- Pricing
- Not publicly disclosed; enterprise pricing available upon request from Coin Metrics.
- Target
- CM Prices, offered by Coin Metrics, is an institutional-grade pricing data feed designed for financial firms, trading platforms, and researchers that require transparent, auditable cryptoasset
- Strength
- Covers over 1,500 assets, offering one of the broadest pricing datasets in the institutional crypto market.
- Watch for
- Pricing is not publicly disclosed, making cost comparison and budget planning difficult for prospective buyers.
Competera
- Pricing
- Custom quote based on product catalog size and features.
- Target
- Retailers and ecommerce teams needing automated competitor price tracking.
- Deployment
- Cloud SaaS
- Strength
- Real-time price monitoring across multiple ecommerce platforms and Google Shopping.
- Watch for
- Pricing not publicly disclosed; may scale high for large catalogs.
Contify
- Pricing
- Custom quote; typically starts around $15,000/year for competitive intelligence.
- Target
- B2B companies analyzing competitor pricing strategies and market positioning.
- Deployment
- Cloud SaaS
- Strength
- Unified competitive intelligence platform combining pricing, news, and market data.
- Watch for
- Broader CI tool; pricing-specific features may be less granular than dedicated tools.
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Sources
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